- Asian equities rose alongside US equity futures, supported by increases in technology companies and as investors took comfort from corporate profits.
- The Asia-pacific equities index of MSCI rose roughly 0.5%, with gains in Japan, China, and Hong Kong. After the S&P 500 ended little altered, the Nasdaq 100 and European contracts made slight gains. The dollar gained ground.
- Treasury yields remained stable, with the 10-yr yield hovering around 2.68%. The inversion between 2-yr and 10-yr rates remained near the deepest since 2000, signalling concerns of a recession in the face of tighter monetary policy.
- Fed's Mester emphasised the US central bank's determination to reduce pricing pressures on Thursday. The BoE earlier raised interest rates for the first time in 27 years, warning of a lengthy economic downturn.
- Tighter policy is fuelling economic anxiety and draining assets such as oil, which has recovered but remains below $90, levels last seen before Russia's war in Ukraine.
