- Stocks continued to fall while the dollar remained near a three-week high as investors became concerned about high inflation and slowing economic growth.
- An Asian equity index fell 1%, owing in part to concerns about the regulatory outlook and covid lockdowns in China.
- European futures fell, while US contracts were volatile. On Thursday, the S&P 500 index fell 2.4%, with the decline accelerating in the final hour of trading.
- Short-term US Treasury yields are nearing 2022 highs, following a eurozone bond-market selloff after the European Central Bank signalled a half-point interest-rate hike in the fall.
- The dollar-yen pair was stable, but it was still close to the 2002 high of 135.15 per dollar.
