- As slowing economic growth and sticky inflation continued to cast a shadow over markets, US equity futures retreated and Asian stocks pared gains.
- Japanese stocks rose 1%, but shares in China and Hong Kong fell. Contracts for the S&P 500 and the Nasdaq 100 fell more than 0.5%. The stock and bond markets in the US will be closed on Monday in observance of Independence Day.
- Australian and New Zealand bonds rose, extending a rally in sovereign debt. Given the shaky state of the economy, investors are reconsidering how far central banks can raise interest rates to combat inflation. Treasury futures rose despite the fact that cash treasuries were not traded due to the US holiday.
- The yen and Swiss franc both rose. Crude oil fell toward $108 per barrel. Bitcoin was trading just above the $19,000 mark.
