1. Company experts are tipping many buy now pay later companies are on death row
Debt ratings agency, Fitch says that buy now pay later businesses are under immense pressure in the current global climate and are at risk of becoming riddled with losses. Rising interest rates and bad debt delinquencies are hurting these businesses and it comes as Treasury is considering whether these financial products are credit. If so, it could mean more regulation, higher costs and even fewer profits.

2. As Australian companies enter another big week for profit reporting, stocks are set to fall today but why?
Big name companies such as Coles, Breville, Tabcorp, Ansell, Seven Group, WiseTech and Kogan conduct their show and tell for shareholders this week. The current Aussie reporting season has been OK but so far only 33% of results have surprised on the upside, 58% have seen earnings up on a year ago but only 45% of companies saw their share prices outperform the market on the day of the results. Higher oil prices and bond interest rates are expected to hurt stocks today.

3. A central bankers’ get-together on Friday will be a big issue for stocks this week
Every year central bankers gather in Jackson Hole Wyoming and while it sounds about as interesting as watching paint dry, these central bankers are all raising interest rates to beat inflation, while trying to avoid creating a recession. It might sound boring but financial markets and business journalists will be hanging on every word these guys and gals utter on Friday and stock markets will react.

4. Chilling warning from Ukraine President
Ukraine’s president Volodymyr Zelenskyy has warned that Russia could do something “particularly cruel” as Ukraine prepares to celebrate Independence Day on Wednesday — a day that also marks six months of Moscow’s invasion.

“We should be aware that this week Russia may try to do something particularly nasty, something particularly cruel,” he said without providing details.

5. ASX to slip as earnings season continues
ASX futures were down 29 points or 0.41% to 6994, with the AUD -0.6% to 68.75 US cents.

On Wall St: Dow -0.9% S&P 500 -1.3% Nasdaq -2%.

In Europe: Stoxx 50 -1.3% FTSE +0.1% CAC -0.9% DAX -1.1%.

Brent crude -0.9% to $US95.75 a barrel.

10-year yield: US 2.97% Australia 3.40%.