Overview
- U.S. stocks finished lower on Monday, with the Dow down 0.45%, the S&P 500 off 0.35% and the Nasdaq down 0.15%.
- Futures pricing via CME FedWatch put the probability of a quarter-point reduction on Wednesday near 87%–90%.
- Argentine ADRs in New York fell as much as about 4% during a local market holiday as the government moved to auction the dollar Bonar 2029N with a 6.5% semiannual coupon.
- Repsol said Neo Next Energy, its venture with HitecVision, reached a deal to merge UK North Sea oil and gas operations with TotalEnergies.
- Japan’s GDP contracted 0.6% in the third quarter and oil futures eased toward roughly $59 WTI and $63 Brent following Ukraine-related diplomacy.