- On market wagers that the current rate high is close by and the bank instability will subside further, US equities futures rose. In the risk-on environment, European stocks increased as the dollar decreased.
- After a rally on Wednesday that turned the Nasdaq 100 into a bull market, both S&P 500 contracts and those on the tech-heavy index increased by at least 0.4%. The STOXX Europe 600 Index saw advances in retail equities as a whole.
- Despite the paucity of new information on the future of interest rates, stocks have been moving higher in recent days as the worst of the bank seltoff subsides. In order to gain insight into the Federal Reserve's policy decisions, attention in the US now shifts to data on the jobless data, GDP figures, and the Core Personal Consumption Expenditure reading. By the end of the year, investors anticipate that US interest rates will be at 4.3%, or about 70 basis points lower than they are at the moment.
- ECB Bulletin: ECB staff now see inflation averaging 5.3% in 2023, 2.9% in 2024 and 2.1% in 2025.
- US Treasury Secretary Yellen is To say bank rules might have become too loose - WSJ.
