- Stocks rose as dip buyers returned, putting markets on track to end a seven-week losing streak. Oil prices increased. US futures rose after stocks rose.
- US futures rose after shares rose on Thursday, indicating that consumers remain resilient despite inflationary pressures. Didi Chuxing rose in premarket trading following a report that state-owned automaker China Faw Group is considering acquiring a significant stake in the ride-hailing company.
- Consumer and technology stocks led gains in Europe's Stoxx 600 index, while utilities and energy stocks lagged after the UK government announced windfall tax plans on oil and gas companies on Thursday. BP has stated that it will reconsider its plans in the country.
- Chinese tech shares rose after two of the largest internet companies reported sales that exceeded expectations, lifting some of the gloom that had descended on the sector in the aftermath of COVID-19 lockdowns and regulatory headwinds.
- EU leans toward delaying the pipeline ban to get an oil embargo deal.
- China's Foreign Minister Wang Yi: China has no information on a possible Xi-Biden call.
- ECB's de Cos: The APP will end at the start of Q3, hike to follow shortly after.
