- Stocks rose and a selloff in sovereign bonds came to a halt, providing some respite for markets from the concerns about tightening monetary policy that have whipsawed assets this year.
- An asia-pacific share index rose 1% to a two-week high, boosted by Japan and a rally in the Hong Kong technology index. China's stock market remained stable following Tuesday's intervention by state-backed funds.
- US equity futures advanced following the S&P 500 closing near session highs, dip-buying lifted the Nasdaq 100, and a U.S. small-cap index outperformed.
- The 10-year treasury yield in the US has fallen from levels last seen in 2019. However, bond markets remain wary as the Federal Reserve prepares to raise interest rates in order to combat inflation. A dollar index fluctuated.
- The Bank of Japan chose not to deviate from its planned bond purchases, staying the course even as yields rose.
