- US futures increased along with stocks on Thursday as traders ignored bond market cautions about slowing growth. Oil recovered from its lowest point in over six months.
- The S&P 500 and NASDAQ 100 contracts advanced, indicating that the tech-heavy NASDAQ will continue its 19% rise from its June 16 low. Retailers, leisure, and technology companies led the way in the Stoxx Europe 600 index's gains, which also saw a rise in Chinese tech company shares.
- As the S&P 500 climbs back toward its highest level in two months, stocks are demonstrating resilience in the face of increased bond market fear and an inverted Treasury yield curve flashing warnings of economic dangers.
- But a global wave of tighter financial conditions poses a threat to such advances. In an effort to curb inflation, the Bank of England raised interest rates for the first time by half a point since 1995, joining almost 70 other institutions around the globe that have already increased rates gradually.
