- Asian stocks fell after US stocks fell, and cryptocurrencies halted a sharp drop that had sapped risk appetite ahead of crucial inflation data due later Thursday.
- Japanese, Chinese, and Australian stocks all fell. US equity futures edged higher after the S&P 500 fell on Wednesday, capping a three-day rally. Walt Disney and News Corporation both reported disappointing earnings. The dollar remained flat after a Wednesday rally, while bond yields in Australia and New Zealand fell in tandem with treasuries.
- Bitcoin climbed above $16,000 after falling by the most since March 2020 on Wednesday, when Binance abandoned plans to acquire troubled exchange ftx.com, which may go bankrupt. After their US peers fell sharply, shares in Asian companies related to cryptocurrencies were under pressure.
- Oil was trading flat after having its worst day in nearly a month, as US stockpiles increased and covid outbreaks in China threatened growth.
