- US futures indicated prolonged stock market losses on Thursday as a result of central bankers' concerns about inflation and escalating worries that their aggressive monetary policy could lead to a downturn.
- S&P 500 futures fell 1.4% while NASDAQ 100 contracts fell 1.8%. The s&p 500 sank for a third straight day, although the tech-heavy gauge managed to close Wednesday's trade marginally higher. The Stoxx Europe 600 index fell 1.9 percent in Europe.
- Investors increased their wagers that the global economy will falter as a result of central banks' tightening policies and that policymakers will finally change their minds. The federal reserve's benchmark rate will be slashed by half at some point in 2023, according to the bond market.
- In the meantime, on Thursday, the price of default insurance for junk bonds in Europe exceeded 600 basis points for the first time in the previous two years.
- Riksbank’s Gov. Ingves: If necessary at some point, we will hike by 75 basis points.
- France's Finance Min. Le Maire: The EU will adopt global minimum corporate tax reform in the coming months with or without Hungary's backing.
- ECB's Enria: The gradual increase in interest rates is beneficial for banks on the whole.
