- As investors awaited job data to determine if the world's largest economy can avert a recession, US stock-index futures fell. The dollar found demand for havens.
- Contracts for the S&P 500 and NASDAQ 100 indexes declined by at least 0.1 percent apiece, indicating that weekly gains in US equities may be curtailed. Treasury prices increased, and the 10-year yield decreased by 1 basis point. Since March 2020, the Bloomberg commodity index was on track for its longest losing streak. Twitter decreased in value during premarket trading in New York following a rumor that Elon Musk's proposed takeover of Twitter Inc. may not go through.
- As the federal reserve raises interest rates repeatedly to rein in rising inflation, international markets are adjusting for the potential of an American recession. While downplaying recession concerns, two of the Fed's most hawkish policymakers supported hiking interest rates by another 75 basis points this month. Investors withheld their opinions while waiting for Friday's nonfarm payrolls report and keeping some areas of the US yield curve inverted.
- ECB's Visco: Rate hike bigger than 25 bps could be appropriate in September if medium-term inflation expectations don't improve.
- BofA Bull & Bear indicator remains at "extreme bearish" territory for the fourth consecutive week.
- Russian Foreign Minister Lavrov: We are ready to negotiate on grain with Ukraine and Turkey.
- Ex-prime minister of Japan Abe is reportedly unconscious and unresponsive and is in cardiac arrest - Kyodo.
