- After a spate of firms released underwhelming profits, the stock rally that had propelled the S&P 500 to a 16-month high lost steam.
- There are indications that investors are pausing before a Bank of England interest rate decision on Thursday and US employment numbers on Friday. Heavy hitters in the tech industry like Apple and Amazon are among this week's lineup of upcoming blockbuster earnings.
- The bullish sentiment of recent months has caused a retreat among bearish as market returns and economic data continue to defy expectations, even as futures point to a softer opening on Wall Street later today.
- Treasury 10-Yr yields were trading about 3.96%, while a measure of the strength of the dollar increased by almost 0.3%. After the Australian central bank surprisingly kept interest rates constant and speculators reduced their bets on further tightening, the Australian dollar fell against the US dollar.
- China's currency regulators gave a window guidance to some commercial banks, asking them to reduce or delay dollar purchases - Sources.
- RBA: The pause in interest rates will give more time to examine the impact of previous rate hikes.
