US Stock Futures Recover as Iran Signals Progress in Peace Talks 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
The U.S. Treasuries remained flat during Monday’s afternoon session after reacting to the Iranian news over the weekend; the S&P 500 opened lower this morning in the wake of ongoing tension in the Middle East.
Today’s economic calendar remains nearly empty, with barely any data of huge economic significance.
The yield on the benchmark 10-year Treasury yield hovered around 1.783 percent, the super-long 30-year bond yield remained flat at 2.246 percent and the yield on the short-term 2-year too traded steady at 1.530 percent by 12:45GMT.
A key focus in the US will be the December labour market report on Friday, with non-farm payrolls expected to have risen by somewhat less than the 180k average for the first eleven months of the year, having leapt 266k in November partly thanks to returning GM strikers. While revisions to the Household Survey will also be released, the unemployment rate is expected to remain unchanged at 3.5 percent. And growth in average hourly labour earnings is expected to move sideways at 3.1 percent y/y, Daiwa Capital Markets reported.
Other US data due this week include the December non-manufacturing ISM survey results (tomorrow), along with the final November trade and factory orders figures and followed by the ADP jobs data (Wednesday). Fed speakers include Board of Governors Vice Chair Clarida and New York Fed President Williams, both on Thursday, the report added.
Meanwhile, the S&P 500 Futures remained tad -0.42 percent down at 3,221.88 by 12:50GMT.
