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European Market Outlook: European stocks are expected to open slightly higher as bond yields stabilize and a U.S. judge ruled against breaking up Google, which boosts confidence in tech companies amid regulatory challenges.
Economic Data and Reports: Key economic releases, including Eurozone producer price data and PMIs, are anticipated, alongside U.S. reports on factory orders and job openings, ahead of the August jobs report.
Market Reactions: Asian markets experienced declines due to a global bond sell-off, while U.S. markets started September negatively, with factory activity contracting for the sixth consecutive month, influenced by import tariffs.
Oil and Inflation Trends: Oil prices fell following sanctions on Iran, and European stocks saw significant declines as long-dated bond yields reached multiyear highs, with Eurozone inflation rising to 2.1%.
