- As investors expected a critical US report on consumer prices to gauge the likelihood of tighter monetary policy, US futures sank along with equities. Treasury rates rose along with the dollar, but yields on inflation-protected US Treasury securities fell to near-record lows. Contracts on US indices began to fall, with the NASDAQ 100 leading the way lower.
- Gains in energy companies in Europe offset a drop in luxury stocks. After statistics revealed an acceleration in Chinese inflation, MSCI Inc's Asia-Pacific index fell, but it recovered some of its losses thanks to a late-session surge in the country's property stocks.
- Global equity risks are increasing as they approach all-time highs, with the Federal Reserve warning of rising asset prices. Investors will be looking for hints on policy tightening in Wednesday's inflation data.
- Germany’s Chancellor Merkel's Advisors: The economy could be harmed if the ECB does not react in a timely manner; The ECB should put forth a normalization strategy.
- German Government Advisors: Forecasting inflation at 3.1% this year, 2.6% in 2022.
- China: We are in regular discussions regarding a meeting between Biden and Pres. Xi.
- Russia's Energy Minister Shulginov: Russia gas production in 2021 expected at 777 BCM; Oil production in 2021 expected at 517M tons.
