- Investors weighed the prospects for monetary policy ahead of major inflation data later this week, sending US index futures down and European shares lower. Treasury yields remained stable, despite a worsening sell-off in European government bonds.
- Following Friday's rebound on Wall Street, the s&p 500 and Nasdaq 100 futures wavered. In premarket trade, Peloton Interactive surged amid news that it is considering buyout offers. The Stoxx Europe 600 index bounced between modest gains and losses after its worst run of weekly losses in over a year.
- After hawkish comments from an ECB policymaker about the possibility of a first rate hike this year, Greek debt led a selloff in Europe. The 10-year Treasury yield increased slightly, but the dollar remained unchanged. The euro's six-day hot streak came to an end.
- Following a good employment report in the United States, investors are wrestling with the likelihood of the sharpest monetary tightening cycle since the 1990s, with markets pricing in more than five quarter-point federal reserve interest-rate rises in 2022. This week's US inflation report could cause more market volatility. A reading of more than 7% is expected, the highest since the early 1980s.
- EC Pres. von der Leyen: Russia is apparently not interested in increasing gas deliveries despite record prices and huge demand.
- ECB's Kazaks believes a rate hike in July is unlikely.
- ECB's Kazaks: New net asset purchases become less necessary as the likelihood of persistent inflation rises.
- In negotiations with China, US officials said our patience is running thin, and we want meaningful action.
