These are the early headlines and other items poised to influence the market at the start of the trading day. As we share this collection of market drivers, U.S. equity futures point to a mixed market open later on Monday morning. Odds are we will have slower than usual start to the trading week due to the Columbus Day holiday on Monday that has the bond market and others closed.
1. Diesel prices slipped on Monday after Donald Trump claimed that Russia and Ukraine had entered an “energy ceasefire,” although analysts warned any agreement would be unlikely to bring lasting relief to global fuel costs. (FT)
Ukrainian President Volodymyr Zelenskyy has blamed Russia for breaking a purported “energy ceasefire” announced by Donald Trump, signalling that Kyiv will continue its strikes unless Moscow halts its attacks. (FT)
“This energy ceasefire, it can work, and it can become a major step toward ending the war if the Americans truly step in now and make sure Russians respect it.” Zelenskiy said Ukraine had carried out no attacks on Russian refineries overnight but he made clear that if Russia wanted Kyiv to suspend these attacks it must stop hitting Ukraine’s energy system and critical infrastructure. (Reuters)