- The increasing energy crisis in the region increased concerns for a global economy already dealing with high inflation and a wave of monetary tightening, sending European markets plunging and the euro lower on Monday.
- As currencies tied to commodities joined the euro's decline to a two-decade low, the dollar grew stronger. The pound stabilized ahead of today's leadership election announcement by the UK's ruling conservative party. Before an OPEC+ meeting on supply, oil prices rose.
- The greatest laggard among the region's key benchmarks is Germany's Dax index, which is comprised of business giants from these sectors.
- After the worst week for global markets since June, wall Street stock contracts shook. Due to Labor Day, cash treasuries and US stocks are closed.
