- Wednesday saw stocks in Asia continue to rise as the dollar fell and there were rumours that the worst of this year's stock market decline may be passed.
- After the S&P 500 experienced its largest increase since June, a gauge of Asian shares rose 1.5%, helped by gains in Japan and Hong Kong. US futures increased as a result of Netflix's late spike following a smaller-than-anticipated subscriber drop.
- Given the difficulties in the property industry and Covid, Chinese share increases were more subdued. The rumour that Beijing is planning to punish Didi with more than $1 bln before concluding a year-long investigation against the ride-hailing giant was also being considered by traders.
- A dollar measure has decreased by roughly 1% this week, highlighting declining demand for the greenback as a safe haven currency and an uptick in market sentiment. The 10-yr yield has returned to being above 3% due to treasuries' drop.
- The euro was trading around a two-week high against the dollar, owing to the potential of a larger-than-expected interest-rate hike by the ECB on Thursday.