US equity futures are slightly down. Treasury yields are higher across tenors. US 2-year up to 3.7% and 10-year stays at 4.3%. Crude is marginally higher, gold lower. US dollar bounced slightly back from Friday's selloff, yen weaker, yuan at month-long high. Asia equities traded higher although most major benchmarks closed away from their highs. European markets opened slightly down. Risk sentiment is largely being supported by Fed rate cut expectations that were reinforced by dovish-leaning comments by Chair Powell on Friday. Powell warned risks may warrant adjusting policy amid weakening labor market and that tariff effects on prices will be short-lived. Market is fully pricing in two rate cuts by year-end, though some Fed watchers sounding note of caution on easing prospects ahead of Friday's release of July PCE index.

Companies Mentioned: Entain, JDE Peet's, Vital Energy