Demand and supply clash at the start of the U.S. session

• The U.S. stock market starts today's trading lower

• Investors see hawkish aspirations from the FED and ECB

The first trading session on Wall Street this week brings declines in indices, which, however, are trying to limit losses. The market is evaluating the future actions of the FED and the ECB. Yields on US 10-year notes are gaining 1.84% today. 

The market is now pricing a 67% chance of a 75 basis point rate hike at the Fed's September meeting. Source: Bloomberg

 US index quotes. Source: xStation 5

Compiled charts of the US100 index and VIX on the D1 interval. The benchmark of technology companies starts today's session lower. The VIX fear index is gaining nearly 1.84% today. Source: xStation 5

News: 

• Bitcoin's fall below the $20,000 barrier has put pressure on cryptocurrency-related companies. Coinbase (COIN.US) shares are losing more than 3%, while MicroStrategy (MSTR.US) shares are losing nearly 4%. 

• A similar story is associated with gold mining companies, which are losing after Friday's comments by Powell and ECB representatives.

•  Major technology giants are under selling pressure. Yields on 10-year notes are jumping more than 1.5% today

• Chinese company Pinduoduo (PDD.US) gaining nearly 11% today on the release of strong quarterly results. Lockdowns in Chinese metropolises have boosted demand for online shopping. 

Source: Bloomberg 

News from US companies. Source: Bloomberg