- As demand for safe haven assets decreased following Israel's more cautious than expected military operation in Gaza, oil prices fell along with those of gold and government bonds.
- After increasing over 3% on Friday, Brent crude dipped below $90 per barrel, while WTI fell under $84. S&P 500 futures contracts increased by 0.3% after the index dropped by 0.5% on Friday due to concerns about the Federal Reserve's continued hawkishness and weak corporate earnings.
- The 10-year Treasury yield increased by more than three basis points, although the dollar saw minimal movement relative to its major counterparts. Australian bond yields increased slightly while gold fell but still above $2,000 per ounce.
- Hong Kong, Japanese, and Australian stocks dropped. As the world's most indebted developer received some breathing room on Monday, when a Hong Kong court postponed a winding-up hearing until December 4, shares of China Evergrande fell. In the High Court of Hong Kong, Judge Linda Chan declared on Monday that "this is really the last adjournment," the most recent in a string of postponements that have occurred since the case started last year.
- The Hang Seng index in Hong Kong fell 0.28% in the morning due to weight from Chinese banks. ICBC slumped as much as 1% in Hong Kong as analysts viewed its financial reports as mixed, while Bank of Communications plunged as much as 5.8% after its third-quarter net income fell 3% year over year.
