[Castle Securities Predicts Market Misjudgment Of US And European Interest Rate Paths; ECB Unlikely To Stick To Rate Hikes] Castle Securities Stated That Investors' Bets On The ECB Raising Rates When The Fed Cuts Rates This Year Are Incorrect, As Soaring Oil Prices Make Such A Divergence In US And European Monetary Policy Unlikely. With The Middle East Conflict Pushing Oil Prices Above $100 A Barrel On Monday, Interest Rate Swaps Indicate That Traders Have Fully Priced In At Least A 25 Basis Point Rate Hike By The ECB Before December And Are Inclined To Raise Rates Again. Meanwhile, They Expect The Fed To Cut Rates By A Similar Amount During The Same Period As The European Rate Hikes

Air Defences Intercept And Shoot Down Drone Near Baghdad International Airport - Security Sources

LME Copper Rose $92 To Settle At $12,954 Per Tonne. LME Aluminum Fell $60 To Settle At $3,386 Per Tonne. LME Zinc Rose $30 To Settle At $3,328 Per Tonne. LME Lead Fell $16 To Settle At $1,936 Per Tonne. LME Nickel Was Unchanged At $17,469 Per Tonne. LME Tin Rose $620 To Settle At $50,685 Per Tonne. LME Cobalt Was Unchanged At $56,290 Per Tonne

Nasdaq Turns Negative, Last Down 0.4%