- As traders weighed pessimistic statements on China's economy by China's Premier Li against Fed minutes that struck a less hawkish tone than markets had expected, futures fluctuated and Asian stocks fell.
- Japanese stocks rose, while falls in Hong Kong and China markets accelerated after the markets opened. After the S&P 500 recovered from a loss to end higher, the Nasdaq 100 futures were barely changed. The Nasdaq 100, the tech-heavy index, outperformed.
- Chinese equities slumped as investors remained wary of plans to combat the economic downturn brought on by severe Covid restrictions. China's Premier Li said China's economy is doing worse than it was in 2020 when the pandemic first broke out and urged measures to lower the country's high unemployment rate.
- 10-yr treasuries rose slightly, as did 2-yr rates, which are more sensitive to policy changes. Fed policymakers have hinted that their aggressive approach may allow them to shift gears later if necessary. The dollar has weakened.
