Wall Street indices rallied on Friday after Fed Chair Powell said that it is time to adjust rates during his Jackson Hole speech
S&P 500 gained 1.15%, Dow Jones moved 1.14% higher, Nasdaq jumped 1.47% and small-cap Russell 2000 rallied over 3%
Indices from Asia-Pacific traded mixed today - Nikkei dropped 1%, S&P/ASX 200 rallied 0.7%, Kospi declined 0.3% and Nifty 50 jumped 0.6%. Indices from China traded mixed
European index futures point to a flat or slightly lower opening of today's cash session for major stock market indices from the Old Continent
Oil is trading slightly higher at the beginning of a new week on Middle East tensions. Hezbollah launched a big missile attack on Israel over the weekend over killing of its senior commander in Beirut, Lebanon at the end of July
Israel said that it has launched preemptive strikes on Hezbollah's missile launchers when it notice that the group is preparing to launch an attack
Meanwhile, Axios reported that the latest round of Gaza ceasefire negotiations in Cairo, Egypt ended without an agreement
Liquidity conditions during the European trading session are expected to be thinner today as UK traders are off for summer bank holiday
Major cryptocurrencies pull back at the start of a new week - Bitcoin drops 0.7%, while Ethereum and Dogecoin drop around 1.3% each
Precious metals trade little changed - gold trades flat, silver drops 0.4%, platinum declines 0.2%, while palladium adds 0.2%
USD and JPY are the best performing major currencies, while AUD and NZD lag the most