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Wall Street analysts are lowering oil price forecasts and warning of a market glut resulting from increased OPEC+ supplies.

Last week, major US technology companies, that dominate the S&P 500 Index, released their earnings reports. The results dispelled widespread investor concerns about potential market declines linked to the US administration's trade policies.

European Central Bank (ECB) Vice President Luis de Guindos expressed confidence that inflation will soon return to the regulator’s 2% target. He believes this trend will be supported by the anticipated strengthening of the euro, falling commodity prices, and continued economic uncertainty.

As reported by Bloomberg, the Filo del Sol project of BHP Group and Lundin Mining Corp. in South America is set to become the largest copper deposit discovery in 30 years, based on new drilling and study results.

Ahead of a meeting of US central bank officials in Washington in the next two days, markets expect the Federal Reserve to keep interest rates unchanged, as Bloomberg noted.

Vitalik Buterin, co-founder of Ethereum, has outlined a five-year plan to streamline the protocol, prioritizing simplicity to enhance the security and usability of the blockchain platform. Drawing inspiration from Bitcoin’s minimalist design, Buterin aims to address Ethereum’s growing complexity.

As reported by Kitco News, gold prices are currently rising across global markets, driven largely by buyers and sellers in Asia, particularly China and India.

Recent trends in the Dogecoin market reveal cautious optimism among bulls as major investors continue to accumulate tokens amid declining trading volumes. According to a recent Coinotag report, whale holdings increased significantly by $17.5 million due to the addition of 100 million DOGE tokens.

Saudi Arabia has warned OPEC+ members who are not complying with production quotas, particularly Kazakhstan and Iraq, that it may increase oil output if they continue to violate agreements, according to Bloomberg.

The S&P 500 index's solid gains, fueled by China's and the United States' attempts to reach a mutually beneficial trade deal, weakened on Monday morning. Meanwhile, the markets' attention is drawn to this week's Fed meeting.