- Once China loosened travel restrictions, international stocks rose, with France's equity index rising 1%.
- Before the important US inflation statistics, which may give hints as to the Federal Reserve's next moves, the markets were in a positive mood. On the assumption that businesses will benefit from an increase in Chinese tourism spending, European travel and luxury companies were among the top gainers in the STOXX 600 Index. S&P 500 futures increased 0.5% while the dollar declined.
- Commodities, which have fallen for a year, are now rebounding, which could put pressure on the market. With WTI futures at $84 a barrel after rising 3% over the previous two sessions, oil moved close to its highest level in nearly nine months.
- The 10-year yield on Treasuries was unchanged at 4%. The offering of 30-Yr notes will come later, making it the week's final significant US bond auction. The demand for the debt has been high so far, in spite of all the recent worries that the auctions will encounter investor opposition.
- Moody's: Italy's bank windfall tax is credit negative for country’s banking sector.
