Brazil's benchmark Bovespa stock index fell 1.20% on Monday, weighed down by significant losses in the real estate and utilities sectors. The decline occurred despite a surge in crude oil prices that boosted shares of Petrobras.
Investors are bracing for Tuesday's U.S. Consumer Price Index report, which is expected to show a slowdown in annual inflation. The data, along with weekly employment figures and remarks from several Federal Reserve officials, will provide crucial clues for the market's direction and the central bank's policy outlook.
The U.S. Strategic Petroleum Reserve (SPR) has fallen to 316.5 million barrels, its lowest point in over 40 years, following a recent 3 million barrel withdrawal, according to the Department of Energy.
The U.S. dollar saw minimal gains as investors weighed escalating U.S.-Iran hostilities against upcoming inflation data, while the Japanese yen fell sharply after a report tempered expectations for a shift in state pension fund strategy.
Bitcoin traded above the $62,000 mark as investors assessed renewed momentum for a comprehensive U.S. crypto regulation bill, continued institutional interest, and ongoing security concerns within the digital asset space.
The Canadian dollar strengthened to its highest level in three weeks against the U.S. dollar on Friday, buoyed by a Canadian jobs report that significantly surpassed analyst expectations for June.
The U.S. Department of Defense is investing $25 million in rare earths startup ReElement Technologies to help fund a processing facility in Indiana. The move is part of a broader federal strategy to reduce reliance on China for minerals critical to national security.
Finland's benchmark stock index edged up 0.13% on Monday, supported by strong performance in oil & gas and utility stocks, even as more individual companies on the exchange saw declines.
France's benchmark stock index closed higher on Monday, lifted by a significant rally in the oil and gas sector. TotalEnergies was a top performer on the CAC 40, while payments firm Worldline slumped to a new all-time low.
