- Today, investors are keeping a close eye on how pricing pressures affect monetary policy and the pace of economic recovery. Treasury yields increased.
- US futures were little changed after all major US market benchmarks set new highs on Friday and the S&P 500 notched its fifth weekly gain in a row. The STOXX 600 index in Europe was also balanced, with energy companies rising and retailers falling.
- On Wednesday, markets will be watching a measure of US consumer pricing intently after advances in US payrolls last week revealed an increase in average hourly earnings. The data is projected to indicate pricing pressures at their highest level in three decades, owing to supply-chain bottlenecks and increasing energy prices.
- Carbon-reduction loans are available from PBoC at a rate of 1.75%.
- UAE's Energy Minister Mazroui: If OPEC+ agrees, the UAE can provide the market with additional volumes of crude if needed.
- Evergrande unit bondholders have not yet received US dollar coupon payments.
- US Trade Representative Tai will be meeting EU member trade ministers on Thursday.
