- Asian markets fell from session highs, slowed by concerns over a bleak economic outlook amid high inflation and tightening monetary policy.
- The Asia-pacific share index of MSCI increased less than 0.5%, with gains in Japan and losses in China. Futures on the S&P 500 and Nasdaq 100 varied, while European contracts pushed higher.
- The US stock market rose slightly, boosted by strong profits from Walmart and Home Depot, their earnings have fuelled an equities rally from June lows, but they are at risk of fading as monetary policy tightens to combat price pressures.
- Oil had recovered but was still approaching a more than six-month low, highlighting some of the fears about the economy's growth prospects. Treasury yields and the dollar remained stable, but gold and Bitcoin fluctuated.
- In New Zealand, the central bank raised borrowing prices by a half-point, as predicted, and stated that it is prudent to maintain tightening at the current rate to keep inflation under control. The local currency strengthened.
