Global Markets React as China Slashes Mortgage Rates to Revive Property Market

US and European equity futures, along with Asian stocks, fell after China's mortgage rate reduction failed to ease concerns about the economy. Attention was focused on China, where stocks fluctuated after domestic banks cut a key mortgage reference rate by a record amount. Earnings from Nvidia Corp. and Eurozone inflation data are potential market catalysts this week. Gold and oil prices remained relatively stable, while the US dollar and cryptocurrencies showed minimal changes.