Monday's Final Takeaways: Fed in Wait‑and‑See Mode; Metals and China Stocks Move

• Fed Chair Powell signals a 'wait and see' mode, not inclined to raise rates in response to oil price spikes, preferring to assess incoming data.
• Fed Governor Miran still supports cutting interest rates by about a full percentage point over 2026, noting no evidence of a wage-price spiral or sustained oil inflation shock.
• Aluminium stocks (Alcoa, Century Aluminum) gained over 10% due to supply disruptions from Middle East facilities, highlighting broader industrial metal supply concerns.
• Chinese stocks, particularly the MSCI China ETF, caught a bid, with Shanghai stocks rallying overnight, attributed partly to China's energy strategy and tech companies facing margin pressure.

The discussion focuses on Federal Reserve policy, with Chair Powell indicating a 'wait and see' approach and Governor Miran supporting rate cuts, easing market concerns about rate hikes. Additionally, aluminium stocks rallied due to Middle East supply disruptions, while Chinese stocks showed mixed performance, with tech struggling but mainland markets outperforming.