With the Christmas period approaching, trading volumes are thinning and price action remains restrained across major markets. US stock index futures pushed higher, extending the momentum from the prior session as strength in technology shares outweighed sharp losses in the consumer sector.

In fixed income, the US 10-year Treasury yield climbed to around 4.17%, continuing the rebound that began on Friday in line with a broader rise in global yields. In Japan, the 10-year government bond yield reached its highest level since 1999 following the Bank of Japan’s recent rate increase and signals that further tightening remains on the table.

Check out today's analysis to see how the markets opened the week!