Explosions reported in Kyiv, Ukraine.

Greek Prime Minister Kyriakos Mitsotakis asked European Commission President von der Leyen to allow greater fiscal flexibility to help households and firms cope with rising energy costs, a person familiar said. In the letter he proposed excluding temporary emergency measures taken by member states from fiscal calculations for a set period and suggested using unexpected VAT windfalls from higher prices to finance support for households and businesses.

Gold extended its rebound as markets priced in progress in U.S.-Iran talks; Iran has proposed a conditional, seven-day restart of traffic through the Strait of Hormuz, with remaining disagreements centered on sequencing rather than plan details. Fed official Williams said he is not in a hurry to act after a September rate hike but could raise again if the economy meets expectations, prompting a dovish reassessment that cut the market-implied probability of an October hike to about 45% from roughly 70%. Near-term focus remains on U.S.-Iran negotiations, Fed policy signals and a heavy U.S. data slate this week: ADP employment, the PCE price index, ISM manufacturing PMI, initial jobless claims and Friday's nonfarm payrolls.