- US equity futures rose on Monday, indicating a minor recovery for Wall Street stocks following an agonising August for investors thus far. In general, bonds were weaker.
- S&P 500 and Nasdaq 100 contracts gained as the underlying indicators were expected to reverse three weeks of dips. In premarket trading, Palo Alto Networks increased as the cybersecurity firm's billings projection exceeded expectations. European equities rose from a six-week low as oil giants Total Energies and Shell benefited from rising energy prices.
- Treasuries rates started moving higher once more, rising throughout the curve. As the 30-year was close to 2011 highs, the 10-year surged towards its highest point since November 2007.
- The upturn for stocks follows a run of sharp declines, with the S&P 500 down 4.8% this month as investors brace for the potential of interest rates remaining higher for longer. The next clues on the policy outlook will come from this week’s annual gathering of central bankers at Jackson Hole, Wyoming, with Fed's Chairman Powell due to speak Friday.
- UBS cuts China’s 2023 real GDP growth forecast to 4.8% from 5.2%.
- Biden considers meeting with Saudi Arabia's MBS at G20 to talk mega-deal - Axios.
