Market Overview

On Monday, U.S. stocks and bonds were closed for Labor Day, while European stocks showed mixed results. The pan-European index halted its four-day winning streak, with German stocks rebounding to a record high, driven by a nearly 2% rise in the real estate sector. $CATHAY PAC AIR (00293.HK)$ Cathay Pacific reported an issue with engine parts on its Airbus A350 planes, leading to a 6.5% drop in supplier Rolls-Royce shares, marking their biggest decline in over a year, while Airbus fell by 1.6%.

The dollar's rally lost momentum, with the dollar index reaching a nearly two-week high before reversing; offshore yuan fell over 300 points, slipping below the 7.11 mark. Bitcoin dropped below $58,000 before bouncing back over $1,000. Spot gold hit a one-week low during the session. Oil prices rebounded, with Brent crude recovering from a one-week low. Tin led losses in base metals, falling nearly 3%, with copper extending its losing streak to four days.