- After three weeks of wall Street drops, dip buyers were attracted to the excellent pricing, driving up US stock futures. Ahead of this week's policy meeting of the European Central Bank, investors evaluated the region's energy problem as European stocks increased.
- With cash trading expected to restart following the labor day holiday, the S&P 500 and Nasdaq 100 contracts both increased by more than 0.6%. The Stoxx Europe 600 index rose thanks to increases in retail, auto, and travel stocks, while energy underperformed as the oil price rally moderated.
- As traders evaluated the policy platform of incoming prime minister Liz Truss, the pound recovered and an index of UK equities with a local focus increased. According to documents, the new leader is putting the finishing touches on a £40 billion ($46 billion) support package to reduce company energy costs. A dollar gauge remained constant.
- Shorter maturities drove the decline in Treasury prices, bringing the two-year yield down to 3.46%. After Moscow shut down its primary pipeline to the continent, officials scrambled to find solutions, and European natural gas prices began to decline. Gains in oil prices driven by an OPEC+ output cut were countered by dangers to demand from CVOID lockdowns in China.
