Brent crude prices fell below $110/barrel, down over 6% from Friday's high, as market hopes for a US-Iran deal grew, easing concerns of further escalation. According to the Financial Times, Iran is hosting officials from Saudi Arabia, Pakistan, and Turkey following a visit by Qatari officials.

Brazil's stock market fell 20% after President Luiz Inácio Lula da Silva unexpectedly won a fourth term; the iShares MSCI Brazil ETF dropped 26% in pre-market trading.

Bitcoin prices remained above $80,000, and gold prices were slightly above $4,000/ounce. The Invesco QQQ Trust was flat in pre-market trading, despite ongoing concerns about AI trading. The DXY remained below 102, and the US 10-year government bond yield was slightly below 5%.

This week, Microsoft and Amazon will release quarterly earnings, while the Federal Reserve, the Bank of Japan, and the European Central Bank will announce interest rate decisions.