U.S. Treasury yields retreated as oil prices fall, easing inflation concerns following the weekend meeting between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.
The euro was steady against the dollar and Deutsche Bank said it could continue to trade between $1.13 and $1.20 during the rest of this year, marking the narrowest range on record.
The flagship cryptocurrency continued its red-hot rebound, and was up over 30% since Aug. 19 and is holding firmly above the $80,000 level that had proved a stubborn cap in recent weeks.
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The payment-technology company agreed to be taken private by an investor group led by its chair and chief executive, Thomas Priore, in a deal with an enterprise value of around $1.6 billion.
Shares of European semiconductor companies started the new week in green territory, building on gains from Friday, while in Asia In Asia, Samsung Electronics closed up 5%.
Shares rose 4%, taking the stock’s year-to-date gain to nearly 10%, after the bank said it is cutting costs and growing revenue to boost profitability through the end of the decade, including widening its use of AI.
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