Here is the most important news investors need to start their trading day:
1. Rising bond yields
US stock futures fell on Monday morning as the 10-year Treasury note give in again marked above 5% โ a level it reached on Thursday for the first time since 2007. Earnings and inflation data will help determine whether stocks will recover from a week of declines. He Dow Jones Industrial Average fell 1.6%, the S&P 500 fell 2.4% and the Nasdaq Composite lost 3.2% last week. A series of important earnings reports will be released from Tuesday to Thursday. Personal consumption spending data due Friday will offer clues about whether the Federal Reserve will raise interest rates again this year. Follow live market updates here.
2. Technological torrent
The technology sector, which has largely driven market gains this year, will lead a busy streak of results this week. Other key reports will come from the transportation and food and beverage spaces. Investors will focus on General Motors and Ford results while executives will answer questions about the effects of the month-long strike of the United Auto Workers. Here are this week's top reports:
3. Aid reaches Gaza
The first humanitarian aid convoys since the start of the war between Israel and Hamas arrived in Gaza over the weekend, and more shipments of food, water and medical supplies are expected on Monday. US President Joe Biden spoke with Israeli Prime Minister Benjamin Netanyahu on Sunday and said there will be a "continuous flow" of aid to Gaza. Israel has intensified airstrikes in the besieged area in recent days, while postponing a possible ground invasion. Leaders around the world are trying to prevent the conflict from escalating into a broader war. Follow live updates on the conflict here.
4. Oil consolidation increases
5. More scrutiny from Google
Another country is investigating Alphabet's Google for possible anti-competitive practices. Japan's Fair Trade Commission said it would investigate possible antitrust violations related to Google's search engine and its applications and platforms. The move in Japan follows scrutiny over allegations of anti-competitive conduct in the European Union and USA. A Google spokesperson told CNBC that Android is an open platform that ensures "users always have the option to customize their devices to meet their needs, including how they browse and search the Internet, or download apps."
โ CNBC's Lisa Kailai Han, Ruxandra Iordache, Matt Clinch and Arjun Kharpal contributed to this report.
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