- Stock and bond markets steadied after last week’s blockbuster rally, with traders still hopeful that US and European central banks may start cutting interest rates as soon as next year.
- After recent increases, Europe's STOXX 600 index stalled, while US futures climbed by 0.2%. Asian markets had previously risen, with South Korea's Kospi closing more than 5% higher after regulators prohibited short trading. The dollar declined for the fourth consecutive day. Crude futures jumped more than 1.5% after Saudi Arabia and Russia indicated that supply cuts would be maintained until the end of the year.
- Global equity markets are gaining ground after recent US data indicated a slowing economy, prompting traders to price lower interest rates by June. Ten-year Treasury rates, the global cost of capital benchmark, moved higher on Monday, after falling in recent weeks from 16-Yr highs reached last month.
