- As a series of strong company earnings helped ease some of the general market trepidation ahead of a crucial Federal Reserve monetary-policy meeting, equities and US equity futures rose on Wednesday.
- As key technology and internet companies increased in premarket trading following encouraging reports from Alphabet, Microsoft, and Texas instruments contracts on the tech-heavy Nasdaq 100 advanced. European stocks also increased, with the banking sector rising despite reports of larger-than-expected losses from Credit Suisse Group AG and cost warnings from Deutsche Bank AG.
- The atmosphere is still tense ahead of the highly anticipated Fed interest rate hike, which is part of a global wave of monetary tightening intended to combat inflation and soothe worries about a global economic slump. Investors are preparing for Thursday's flurry of macroeconomic data and the busiest reporting day of the season.
- Italian bonds decreased in value as S&P Global Ratings changed the country's outlook from positive to stable. While oil and European natural gas prices continued to rise, the dollar and government rates declined.
- JP Morgan cuts ECB interest rate forecasts, now expects central bank to deliver 50 bps of hikes by year end vs 75 bps previously.
- JP Morgan downgrades Euro zone economic forecasts, now sees mild recession due to GDP contraction in 4q 2022 and 1q 2023.
- Russian deputy foreign minister Rudenko: The grain deal could collapse if obstacles to Russian agricultural exports are not promptly removed - Ifax.
