- On Monday, US futures were mixed as traders prepared for a slew of earnings releases from technology heavyweights such as Facebook while keeping inflation fears and mounting COVID-19 threats in mind.
- Futures on the NASDAQ 100 rose slightly, while contracts on the S&P 500 remained unchanged. The five top technology companies in the United States are scheduled to report results in the coming days, beginning with Facebook on Monday.
- The 10-Year Treasury yield increased and the dollar held steady as Federal Reserve Chair Jerome Powell warned that inflation could remain high for a longer period of time, fueling market anxiety that persistent price increases may force policymakers to hike borrowing costs.
- The STOXX Europe 600 index changed little. The basic-resources sector increased as crude oil and metals extended gains, while banks rose on the positive outlook of HSBC. The largest losers were telecommunications and industrials.
- BoJ would be prepared to supply liquidity in renminbi if Japanese financial institutions encountered unanticipated difficulty in renminbi settlements by utilizing a swap arrangement.
- The Bundesbank expects German growth to slow significantly in the fourth quarter.
- Bundesbank: Inflation would continue to rise for the time being before progressively dropping next year.
- ITV's Peston tweeted the national living wage in the United Kingdom is set to be increased to £9.50 per hour.
