Texas markets

Asia-Pacific markets were mixed as concerns about the Fed’s aggressive hikes resurfaced; China cut be

Japan -0.50%.

China +0.40%. The Chinese central bank lowered its one-year key rate by 5 basis points to 3.65% (instead of 3.7%) and its five-year rate by 15 basis points to 4.3% (instead of of 4.45%).

hong kong -0.17%.

Australia -0.93%

India -1.00%.

South Korean exports +3.9% so far in August.

On On Tuesday, Australia and Japan will launch the series of preliminary PMI indices for August.

The International Monetary Fund will visit Colombo this week to continue discussions with the Sri Lankan authorities on economic and financial reforms and policies.

Oil prices fell on Monday, ending three days of gains on fears that aggressive U.S. interest rate hikes could lead to a global economic slowdown and lower demand for fuel.

Crude Brent futures for the October settlement fell $1.17, or 1.2%, to $95.55 a barrel at 0054 GMT on concerns over slowing demand in China due to a electricity crisis in some regions also weighing on prices.

West Texas American Intermediate (WTI crude futures for September delivery, which were due to expire on Monday, were down $1.12, or 1.2%, at $89.65 a barrel.

Gold prices fell for a sixth consecutive session on Monday to their lowest level in more than three weeks, weighed down by a robust dollar and expectations of further interest rate hikes in the United States Federal Reserve tame the surge in inflation.

Spot gold was down 0.1% at $1,746.06 an ounce, as of 0131 GMT.

US gold futures fell 0.2% to $1,758.80.

Cash gained 0.2% to $19.06 an ounce, platinum fell 0.3% to $893.38, and palladium rose 0.2% to $2,129.21.

US futures falling. Dow Jones -0.37%; S&P500 -0.42%; Nasdaq -0.51%.