📈 Monday Market Action: Rising Stock Futures, Bond and Oil Markets in Focus

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Good morning, readers!

Today, I want to prepare you for Monday's market action. Stock futures are rising ever so slightly, but the real action is in bond and oil markets. The 10-year U.S. Treasury yield is testing its mid-August high, and Brent crude is above $94 a barrel, with talk of $100 oil on the horizon.

Exciting news in the stock market today as Airbnb and Blackstone are set to join the S&P 500 before the market opens. They will replace Lincoln National and Newell Brands. 🚨

Make sure to follow our live coverage throughout the day for the latest news affecting markets. And don't miss out on our report on Ukraine's efforts to raise money for its counteroffensive against Russia.

Now, let's dive into some interesting topics:

A Way to Maximize Your Multicloud Strategy

Most enterprises use multiple cloud platforms without a holistic strategy, leading to complexities in security, redundant services, and difficulty finding workers. But there's a new strategy that can simplify cloud management and maximize the benefits of your cloud investments. Learn more about this innovative approach.

Stocks to Watch

  • ↘️ Société Générale (FR: GLE): Shares in the French bank fell after its CEO released a new strategic plan that cut annual targets for revenue growth.
  • ↘️ China Evergrande Group (EGRNF): The embattled developer's shares fell after action was taken against several employees of Evergrande’s wealth-management unit by Shenzhen police.
  • ↘️ Naspers (ZA: NPN), Prosus (NL:PRX): Shares in the South African internet and media conglomerate fell after the CEO resigned without giving a reason.

Exciting news for investors as home-rental company Airbnb (ABNB) and asset-manager Blackstone (BX) join the S&P 500 today. And keep an eye out for Stitch Fix (SFIX) earnings after the market close.

Ukraine Hunts for Cash as Fighting Drains Coffers

War in Ukraine is cruel and expensive. The counteroffensive against Russian occupiers has led to a more than $40 billion budget deficit in 2024. Finance officials in Kyiv are now grasping for cash to keep the wartime economy running. From selling war bonds to lobbying for international aid, Ukraine is exploring various strategies. Keep reading to learn more about their efforts.

That's all for today's market update. If you're enjoying this newsletter, don't forget to subscribe. Have a great day!

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