- Traders assessed a global rise in sovereign bond rates and corporate developments as stocks were mixed on Monday. Bond yields climbed throughout the world after US treasuries dropped last Friday on fears of a more aggressive Federal Reserve strategy to combat inflation.
- The Stoxx 600 index in Europe climbed, with US futures varying and Asian stocks declining. The dollar index remained unchanged, but oil prices fell. Stock and bond markets in the United States are closed for MLK Jr. day.
- The spread of the omicron virus, the start of earnings season, and a surge in mergers and acquisitions are all contributing to the upbeat mood. Investors are seeking for signals that corporate earnings will help stop a worldwide equity sell-off, which has been fueled in part by a drop in US technology stocks.
- Germany's Foreign Min. Baerbock: We will act accordingly on Nord Stream 2 if Russia invades Ukraine.
- Euro zone money markets now expect 20 basis points of ECB rate hikes by December, up from 17 basis points late last week.
- Traders pull forward a 10 BPS ECB rate bet to September from October previous.
- The EU imposes trade duties on steel from China, Russia, and the United States.
- Tokyo is ready to request tougher covid restrictions from the government. - TBS
