- US equity futures faltered, struggling to hold the momentum that propelled the S&P 500 to its best daily gain in three weeks, as investors assessed whether the world’s biggest economy can skirt worst-case recession scenarios.
- After Wednesday's 1.5% increase for the underlying indexes due to data showing consumer confidence at an eight-month high and a further drop in inflation forecasts, futures contracts on the S&P 500 and the NASDAQ 100 index flatlined.
- The STOXX 600 gauge lost previous gains as well as European semiconductor equities, but it is still on track to end a two-week losing streak.
- Treasury and Eurozone bond yields decreased, but worries about Japanese investors being convinced to withdraw some of the trillions of dollars they have parked in international equities and bonds still remain. that might push up borrowing prices globally and slow down already cooling economic development.
- The yen resumed its rise while the dollar slipped against a group of currency peers, headed for a third month of losses.
- China will start easing the travel quarantine for foreigners next month.
- ECB's de Guindos: Increases of 50 basis points may soon become the new standard.
