- Global equities rose as Chinese stocks extended their rally and US stock futures overcame earnings concerns from tech titans. The 10-year Treasury yield was back near the crucial 4% level.
- An index of global shares was on track for its fifth day of gains, the longest streak in more than two months. Chinese and Hong Kong stocks opened higher on Monday, extending earlier losses after China’s President Xi tightened his grip on the country over the weekend. Australian stocks rose while Japanese stocks fell.
- The dollar index recovered after falling on Wednesday. After falling below the 4% threshold on Thursday, the 10-year treasury yield is now hovering around 4%. Over the last two days, the benchmark US yield has fallen by more than 20 basis points.
- US futures rose, overcoming a 24% drop in after-hours trading for meta platforms following disappointing third-quarter earnings. Drops in the parent company of Facebook as well as Amazon.com., Alphabet., and Microsoft dragged down the S&P 500 on Wednesday, as investors became concerned about tech profits. Samsung Electronics of South Korea was little changed after reporting disappointing earnings.
