US index futures fell after a report that Tesla CEO Musk said the electric carmaker needs to cut staff due to the bleak economic outlook. Investors are also awaiting key US payroll data, which will provide clues about the pace of Fed policy tightening.
Tesla shares fell 4.2% in premarket trading in New York. Contracts on the NASDAQ 100, of which Musk's company is one of the largest index components, fell 0.9%. The S&P 500 futures fell 0.5%. The STOXX 600 index in Europe edged higher, with trading volumes reduced by UK holidays commemorating the Queen's Jubilee.
Russian Foreign Ministry spokeswoman: Germany is remilitarizing, which will provoke an increase in risks.
German Economy Ministry Spokesman: A support package for energy-intensive businesses will be announced which will be worth €5 bln.
The US lobbies the UK to rethink Chinese chip factory deal - WSJ.
Government Official: Beijing still faces the risk of COVID spread in some areas.
Money markets now expect the ECB to raise interest rates by 50 basis points by October.
The New York State Senate has passed a two-year moratorium on cryptocurrency mining.
