Asian share markets and oil prices slipped on Monday as investors fretted about the economic fallout from fresh COVID-19 restrictions in China, with resulting risk aversion benefiting bonds and the dollar.
S&P 500 futures were down 0.4%, while Nasdaq futures slipped 0.3%. EUROSTOXX 50 futures lost 0.3% and FTSE futures 0.2%.
Minutes of the U.S. Federal Reserve's last meeting are due on Wednesday and could sound hawkish, judging by how officials have pushed back against market easing in recent days. "We are comfortable that the deceleration under way in U.S. inflation and European growth produces a moderation in the pace of tightening starting next month," said Bruce Kasman, head of research at JPMorgan.
Central banks in Sweden and New Zealand are expected to hike their rates this week, perhaps by an outsized 75 basis points.
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