CoinDesk
Brent crude fell more than 6% from Friday's high to trade just below $110 a barrel as hopes for a US-Iran deal reduced fears of further escalation. Iran is hosting officials from Saudi Arabia, Pakistan and Turkey after a visit by Qatari officials.
Brazil's stock market fell 20% after President Luiz Inácio Lula da Silva unexpectedly secured a fourth term. The iShares MSCI Brazil ETF dropped 26% in pre-market trading.
Bitcoin held just above $80,000, while gold traded slightly above $4,000 an ounce. The US Dollar Index remained just below 102 and the 10-year Treasury yield sat just below 5%. Microsoft and Amazon earnings are due alongside interest-rate decisions from the Federal Reserve, Bank of Japan and European Central Bank.
Frequently asked questions
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Why did Brent crude fall below $110?
Brent crude fell more than 6% from Friday's high as hopes for a US-Iran deal reduced fears of further escalation.
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What happened to Brazil's stock market?
Brazil's stock market fell 20% after President Luiz Inácio Lula da Silva unexpectedly secured a fourth term. The iShares MSCI Brazil ETF fell 26% in pre-market trading.
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How did Bitcoin perform during the market moves?
Bitcoin held just above $80,000 while oil and Brazil stocks moved sharply.
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What other major market levels were highlighted?
Gold traded slightly above $4,000 an ounce, the US Dollar Index remained just below 102, and the 10-year Treasury yield sat just below 5%.
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Which events could shape markets this week?
Microsoft and Amazon are scheduled to report quarterly earnings, while the Federal Reserve, Bank of Japan and European Central Bank are due to make interest-rate decisions.
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