- Following unprecedented six-month losses in many markets, US equity futures fell as risk aversion boosted bonds and haven assets.
- After the S&P 500 saw its largest first-half loss in more than 50 years, contracts on the index and the Nasdaq 100 indicated that declines would continue for some time. The 10-year US Treasury yield dropped to its lowest level since early June when it fell below 3%. Compared to the dollar and the yen, the two traditional safe-haven currencies, each group of the ten currencies declined.
- On Friday, sellers continued to focus on risk assets as concerns about the recession surpassed those over escalating inflation. with federal reserve policymakers resolute on getting price growth back to their 2% target, investors are assessing the hit to the economy from harsh rate hikes.
- Lingbi county in China's Anhui province is under lockdown, lockdown starts from 4 pm to curb COVID - CCTV
- ECB's Panetta: Failure to stop fragmentation would hurt the euro.
- ECB's Panetta: Inflation expectations stand at around 2% and wage increases remain moderate.
- Iran Ambassador to the United Nations: We will be in contact with the European Union Coordinator for the next round of talks.
