- Stocks dropped as investors sought safety in the dollar amid worries that China may tighten COVID curbs in response to a number of reported deaths.
- Both the s&p 500 and the Nasdaq 100 contracts fell by at least 0.5%. Walt Disney defied the doom, surging in New York premarket trading after the company unexpectedly reinstated former CEO Bob Iger as CEO. European stocks
- In comparison to emerging market and G10 currencies, the dollar increased. Treasuries maintained their stability despite losing early gains. Concern over a dimming outlook for Chinese demand caused oil to fall.
- On Saturday, China experienced its first COVID-related mortality in in six months; two more were reported on Sunday. Worsening outbreaks across the country are raising worries that the government may once more impose tight regulations.
- This week, traders will also be looking for additional information on the trajectory of rate hikes in the minutes of the most recent Federal Reserve policy meeting.
