- Markets rose on Wednesday as investors prepared for Fed Chairman Powell to declare an end to the US central bank's programme of interest rate hikes later.
- Following the chipmaker's demonstration of its anticipated range of artificial intelligence processors, AMD saw a rise in US premarket trade. Tesla was poised to continue its winning streak, which had already increased the company's market worth by $240 billion, for a record 14th straight session.
- Following the S&P 500's fourth straight gain, its longest winning streak since early April, US futures eked out a little gain.
- The Stoxx 600 benchmark in Europe reached its highest level in three weeks thanks to a surge in miners.
- IEA: Oil-demand growth to slow to 400,000 bpd in 2028 and peak before the end of decade. We forecast the oil supply to rise by 1 mln bpd in 2024 to 102.3 mln bpd. 2024 will mark the end of the post-pandemic demand recovery, with growth set for 860,000 bpd.
- Turkey’s President Erdogan accepted steps that Simsek and central bank will take.
