- Asian equities were mixed Friday as traders assessed the Federal Reserve's shift to tighter monetary policy, while US share futures rose after Apple's excellent earnings boosted sentiment.
- Japan's stock market climbed, but Hong Kong and China's markets fell. Following a recession, state-run Chinese media promoted equities, suggesting that they have long-term promise. After Apple rose in prolonged trading on record sales, contracts on the tech-heavy Nasdaq 100 outperformed.
- In a tumultuous day, US stocks ended lower on Thursday, failing to hold intraday rallies for the second day in a row. A small-cap index in the US has entered a bear market.
- Treasuries were stable, and the yield curve flattened. The dollar maintained its gains, owing to strong US economic statistics that bolstered expectations for Fed tightening to combat inflation. Oil was on track for a sixth weekly gain, but gold was still losing ground.
