- On Wednesday, US stock futures rose as investor apprehension over hostile US-China relations subsided, while treasuries continued to decline as a result of hawkish Federal Reserve comments.
- Both the S&P 500 and the NASDAQ 100 contracts increased by roughly 0.5%. After the home-rental company missed its booking projections, Airbnb experienced a decline in the New York premarket trade. Match Group Inc. declined after the company that owns dating applications like Tinder provided a bleak revenue outlook. After the payments giant revealed that activist investor Elliott investment management is now one of its largest shareholders, PayPal increased.
- In contrast to the wave of concern that swept through assets prior to her arrival, markets were calmer when US House Speaker Nancy Pelosi returned from a trip to Taiwan that sparked a furious response from China. A dollar gauge and the yen barely changed.
- Following a sell-off in Treasuries on Tuesday spurred by Fed officials saying the central bank has some distance to go to contain inflation, the two-year treasury yield increased its surge past 3%. traders to reduce their bets on policy easing in 2023.
