- Wall Street equity futures and European equities fell as the possibility of additional Federal Reserve rate hikes increased in response to unexpectedly positive US jobs data. Geopolitical tensions between the United States and China also affected people's moods.
- S&P 500 and Nasdaq 100 contracts both fell by at least 0.9%. After finishing Friday in a bull market, the Stoxx Europe 600 index fell more than 1%, with the real estate and technology sectors declining.
- After a gauge of the dollar's strength increased by more than 1% on Friday, when data revealed a jump in payrolls and unemployment at a 53-year low, the dollar raised for a third day. This supports the need for further rate rises by pointing to ongoing US inflation.
- Chinese stocks traded on the US market were expected to decline for a third day after new tensions between the US and China were sparked by the US decision to shoot down an alleged Chinese surveillance balloon. As pressure mounted on President Biden to retaliate against Beijing with new export control measures, the US sent divers to recover what they suspect to be espionage equipment from the Chinese balloon off the coast of South Carolina.
