- Following dismal reports from technological bellwethers and as markets await additional signs on how swiftly key central banks will tighten monetary policy, the surge in global stocks stalled.
- After Facebook parent Meta and streaming service Spotify tumbled in late trade on gloomy predictions, US equities futures fell, with contracts on the technology-heavy Nasdaq 100 down about 2%.
- Japan and Australia's stock markets both dropped. South Korea has reopened after a holiday and is now trading at a higher level. Hong Kong and China are still closed. The stock market in the US closed higher, bringing global stocks to their greatest four-day gain since 2020, but the tech upheaval overshadowed the rally.
- The euro is being bolstered by a good regional inflation report, which is putting pressure on the ECB to reassess its dovish position. The ECB and the BoE are expected to make policy decisions on Thursday.
- Treasury yields fell, and a dollar index reversed a three-day decline. Gold was steady at around $1,807 an ounce, having fallen from a seven-year high.
