- As central bankers reinforce hawkish warnings in their drive to reign in inflation, Asian stocks slumped on Thursday, while JPMorgan & Co.'s Jamie Dimon sounded the alarm on the economy.
- For the second day in a row, a MSCI indicator of Asia-Pacific shares fell, with equities in Hong Kong and Japan falling. After the stock market collapsed on Wall Street, US contracts fluctuated.
- Data revealed an unexpected increase in US manufacturing activity as well as unusually large job vacancies, raising concerns that the Fed will need to tighten its monetary policy to rein in price inflation.
- After soaring overnight, the yield on 10-yr treasuries was about 2.90%. Traders increased their bets on rate hikes, and the Fed began the process of reducing its balance sheet. The value of the dollar remained relatively unchanged.
- The price of crude oil fell on news that Saudi Arabia is prepared to pump additional oil if Russian supply falls. The OPEC+ group will meet to discuss supply policy.
