- After China relaxed its rigid COVID protocols on Tuesday, markets increased as investor concerns about global growth subsided.
- Index futures saw an increase of roughly 0.6%. Asian equities index recovered losses to increase for a fourth session, while mining and energy firms drove gains in Europe's Stoxx 600.
- China made the greatest change yet to a pandemic policy that has isolated the nation and spurred economic worries by halving the amount of time new immigrants must spend in isolation. While oil increased despite the possibility of supply interruptions, iron ore and copper reversed losses.
- Treasury bonds declined, a dollar index showed no change, while currencies related to commodities increased.
- ECB's Wunsch: I am comfortable with a 50 basis-point rate hike in sept; 200 basis-points of hikes are needed relatively fast.
- ECB's President Lagarde reaffirms the intention to raise by 25 basis points in July.
- ECB's Kazaks: Worth looking at a 50 bps hike in July.
- G7 leaders agree to study potential price caps for Russian oil and gas - G7 Officials.
