We are coming to the pointy end of the action now, with the Nasdaq closing lower on Monday after a choppy session for U.S. equities ahead of a big week of technology earnings reports while oil prices rose and treasury yields edged higher as investors braced for a Federal Reserve interest rate hike.
The S&P 500 see-sawed on Monday and ended close to unchanged.
Meanwhile in Australia the head of APRA, the entity responsible for banking supervision is going, while the local bond market is in pieces.
In currencies, the dollar index, which touched a 20-year high this month, was down slightly and gold also slipped, as did bitcoin.
Concern that rising interest rates will drive the economy into a recession has been escalating as the Fed tightens monetary policy aggressively to bring down the steepest inflation in four decades. Fed Chair Jerome Powell has said that failing to restore price stability would be a “bigger mistake” than pushing the US into a recession, which he has continued to maintain the nation can avoid.
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