- Prior to this week's important US inflation readings, US equities futures failed to get pace as concerns about the prospects for the global economy were raised by soft China price data.
- Futures on the S&P 500 and Nasdaq 100 declined as most US stocks fell on Friday after pay data revealed that inflation remains a danger. Treasury yields decreased a little bit, while the dollar index rose.
- While central banks continue their war against rising prices, concerns that economies may collapse under high rates have put stocks on the back foot at the beginning of the second half. US Treasury Secretary Janet Yellen said at the weekend she wouldn’t rule out a US recession, noting inflation remains too high.
- The STOXX Europe 600 index fluctuated after its biggest weekly drop since mid-March. Miners were the leading decliners as iron ore and copper fell.
- Senior German Govt Official: We are optimistic that there will be a positive signal in the coming days on Sweden's accession to NATO.
- Citi cuts US stocks to neutral from overweight.
