- As concerns about inflation and the rate of monetary tightening decreased, global markets soared, while commodities benefited from China's $220 billion stimulus plan. The pound increased after the British prime minister announced his resignation.
- After the underlying gauges ended the first three-day surge since May on Wednesday, futures on the S&P 500 and the Nasdaq 100 indexes increased by at least 0.2% each. After Samsung reported a higher-than-expected increase in revenue, Asian semiconductor shares surged. For a third day, the yield curve for the US two- and 10-year bonds remained inverted.
- In the past two weeks, worries about out-of-control inflation and the possibility of a US recession have thrown investors into a loop. Oil price drops are reassuring investors about the speed of tightening required, even if the minutes of the federal reserve's most recent meeting revealed officials' determination to keep raising rates.
- China mulls $220 bln stimulus with unprecedented bond sales.
- ITV Reporter: UK's Prime Minister Johnson is resigning.
- UK Finance Minister Zahawi: UK's Prime Minister Johnson must go.
- Russian Foreign Minister Lavrov: Russia and China to increase practical cooperation - Tass.
- Senior US state dept official: No announcement on China tariffs expected from Blinken meeting with Wang Yi.