Bonds & Stocks
Wall Street traders bracing for a key inflation reading left stocks wavering near all-time highs, while bonds and the dollar edged up. Bitcoin pared a rally that earlier drove it above $122,000.
Economy
Treasury yields slipped as investors brace for a key reading of US inflation that may bolster the case for the Federal Reserve to cut interest rates next month. The 10-year yield slipped 3 basis points to 4.26%, edging toward a three-month low of 4.18% touched last week.
World
European natural gas prices rose as sizzling temperatures take hold of the continent, increasing demand to use the fuel for cooling. Benchmark futures rose as much as 1.5% Monday, reversing earlier losses. Day-ahead prices also jumped as the mercury is set to cross 30C this week in London, Paris and Frankfu.