- On Tuesday, equities increased as market sentiment improved after a sell-off prompted by the Federal Reserve's announcement of a prolonged period of tight monetary policy to combat inflation. Treasury yields and the value of the dollar fell.
- The market slide that started on Friday after Fed Chair Jerome Powell highlighted that the Fed is willing to let the economy suffer in order to reduce price pressures has been broken, according to a surge in US futures. While energy industries and miners underperformed, banks and retailers led gains in Europe.
- Indications that the EU is stepping up efforts to contain a crisis that threatens to push the region into recession as winter approaches caused energy prices in Europe to plummet. Since there has been little trading and a lot of uncertainty, prices have been exceedingly erratic.
- Although Spanish inflation lowered for the first time in four months, euro-area economic confidence fell to its lowest point in 1.5 years.
