- Equity-index futures in the United States rose as dip buyers emerged from the ruins of Monday's rout, despite concerns about inflation and economic growth.
- Contracts on the Nasdaq 100 index rose 1.4% on the day after equity valuations fell to their lowest level in two years. The S&P 500 futures were up 1%. The dollar recovered a loss, and Treasuries edged higher, indicating the return of some haven demand amid concerns about the direction of Federal Reserve policy. European bonds increased in value.
- Traders are caught between persistently high inflation, which depreciates asset values, and central-bank tightening, which threatens to slow economic growth or even push some countries into recession. Recent data from the United States suggest that the Federal Reserve will continue to raise interest rates aggressively, sparking the latest round of risk-off trades. Fresh outbreaks of covid in China, combined with the country's stringent control measures, have exacerbated sentiment.
- Britain plans to launch a large scale trial to use hydrogen for home heating - Government Briefing Document.
- UAE's Energy Minister Mazroui: Oil prices could double or triple in a chaotic market.
- Citibank expects the European central bank to raise interest rates by 25 bps in July and another 25 bps in September.
- France's Europe Affairs Minister Beaune: I believe that a deal on Russia's oil embargo could be reached this week, with talks between Macron and Orban scheduled for today.
