- Investors pondered prospects for growth and corporate profitability amid increasing bond rates and forecasts of monetary tightening as US futures varied and a global bond selloff abated.
- Futures on the S&P 500 and Nasdaq 100 were little changed at the end of Monday after a volatile session weighed down by tech stocks.
- The Stoxx Europe 600 index tempered its gains, with the basic-resources sector surging more than 2% as iron ore soared beyond $150 per tonne and aluminium hit a four-month high. After posting solid results and announcing a share repurchase, BP rose. Technology stocks, on the other hand, were in the negative.
- As a worldwide selloff in sovereign debt eased, the 10-year Treasury yield briefly surged over 1.95%, a level last seen in December 2019, before sliding down to around 1.93%. The majority of European bonds increased in value. The dollar lost some of its early gains versus a basket of currencies.
- EC Pres. von der Leyen: The European Chip Act will allow for 15 billion euros in extra public and private investments by 2030, on top of the 30 billion euros in existing public investments.
- PBoC: We will investigate infrastructure standards for digital fiat money.
- Germany's Health Min. Lauterbach: Germany will be able to reopen long before Easter.
- Head of the Italian League, Salvini: The government is working on an emergency decree worth at least 5 billion euros to reduce energy costs.
