- European stocks rose, boosted by signs that China's stimulus measures are having an impact on the economy and bets that global interest rates are nearing a peak.
- The STOXX 600 index rose 0.7%, led by resources shares as metals prices rose, lifting mining giants Rio Tinto, Glencore, and Anglo American. A gauge of luxury stocks, which rely heavily on Chinese sales, also rose. Oil prices fell after earlier reaching their highest level since November on expectations of supply cuts from the OPEC+ producers group.
- Although US markets will be closed on Monday for the Labor Day holiday, futures rose after the S&P 500 Index had its best week since June.
- Shanghai and Beijing are expected to benefit the most from the government's announcement on Thursday that lowered down-payment thresholds across the country. The Hang Seng index gained more than 3% on Monday before retreating.
- Bond yields rose in the eurozone, with policymakers seemingly divided on whether policy should be tightened further this month, despite higher-than-expected inflation and sluggish growth. Many bond investors in the United States believe the Fed's 18-month tightening cycle has come to an end, which was reinforced by last week's employment data.
