Events in the US Today (EDT):

• ⁠6:00am - NFIB Small Business Optimism (Jul) [1/3 Volatility]

• ⁠8:00am - EIA Short-Term Energy Outlook [3/3 Volatility]

• ⁠8:30am - PPI (MoM-Jul) [3/3 Volatility]

• ⁠Core PPI (MoM-Jul) [2/3 Volatility]

• ⁠8:55am - Redbook (MoM&YoY) [1/3 Volatility]

• ⁠11:00am - The Senate has a pro forma session

• ⁠12:00pm - FOMC Member Daly Speaks [2/3 Volatility]

• ⁠MBA Delinquency Rates (QoQ) [1/3 Volatility]

• ⁠The House has a pro forma session

• ⁠1:00pm - 3yr Note & 52wk Bill Auctions [1/3 Volatility]

• ⁠4:30pm - API Weekly Crude Oil Stock [2/3 Volatility]

• ⁠Equities advanced worldwide alongside U.S. index futures after President Donald Trump said he’s considering a tax cut on capital gains. Gold slipped for a third day

• ⁠House Majority Leader Steny Hoyer (D-Md.) announced on Monday that the full House will not convene again until Sept. 14, adding another week to the month-long August recess

• ⁠Nationwide, new cases of COVID-19 have now fallen for three straight weeks, although the United States still accounts for a quarter of the global total of 20 million cases

• ⁠Speculation spread rampantly on Monday as the Big Ten and other Power Five conferences move toward potentially canceling the college football season in the fall due to concerns surrounding COVID-19

Events in the World Today (EDT):

• ⁠2:00am - UK Avg. Earnings Index + Bonus (Jun) [3/3 Volatility]

• ⁠UK Claimant Count Change (Jul) [3/3 Volatility]

• ⁠UK Employment Change 3M/3M (MoM-May) [2/3 Volatility]

• ⁠UK Unemployment Rate (Jun) [2/3 Volatility]

• ⁠4:31am - China New Loans (Jul) [2/3 Volatility]

• ⁠5:00am - Germany ZEW Economic Sentiment (Aug) [3/3 Volatility]

• ⁠Germany ZEW Current Conditions (Aug) [2/3 Volatility]

• ⁠Euro Zone ZEW Economic Sentiment (Aug) [2/3 Volatility]

• ⁠7:00am - Brazil BCB Copom Meeting Minutes [3/3 Volatility]

• ⁠8:15am - Canada Housing Starts (Jul) [2/3 Volatility]

• ⁠8:30am - Canada Building Permits (MoM-Jun) [2/3 Volatility]

• ⁠~9:00am - UK NIESR GDP Estimate [2/3 Volatility]

• ⁠8:30pm - Australia Westpac Consumer Sentiment (Aug) [2/3 Volatility]

• ⁠9:30pm - Australia Wage Price Index (QoQ-Q2) [2/3 Volatility]

• ⁠10:00pm - New Zealand RBNZ Data

• ⁠Interest Rate Decision [3/3 Volatility]

• ⁠Rate Statement [3/3 Volatility]

• ⁠Press Conference [3/3 Volatility]

• ⁠Monetary Policy Statement [2/3 Volatility]

• ⁠From industrial goods to health-care stocks, a broad rally swept the Stoxx Europe 600 Index to its best gain in a week. Momentum carried forward from Asia, where a benchmark also jumped the most in a week. S&P 500 futures rose, signaling the benchmark was on course to approach its all-time closing high from February. Treasuries and core European bonds edged lower.

• ⁠Putin Says Russia Has Registered World’s First Covid-19 Vaccine

• ⁠New Zealand Reports First Local Covid-19 Cases in 102 Days

• ⁠European auto stocks made strong gains after China reported a surge in car sales in July

• ⁠Lebanon’s prime minister announced his government’s resignation Monday, stating that the massive explosion that devastated large parts of the country’s capital Beirut was the result of endemic corruption.

• ⁠The U.K. on Tuesday reported its largest quarterly fall in employment for over a decade, with 220,000 fewer people in work between April and June than in the first quarter.

Earnings Before Open:

• ⁠NIO, SYSCO (8:00), Huya, BioNTech , Lumentum (7:30), Broadridge (7:00), Macerich (7:00), Itamar Medical (6:00)

Earnings After Close:

• ⁠T2 Biosystems (4:05), K12 (4:30), Red Robin (4:05), Health Catalyst (4:05), Landec (4:05), Super League (4:05), Aurinia (4:00), IntelliCheck (4:05), Viavi Solutions (4:00)