- Investors assessed whether monetary tightening to combat inflation in the US and Europe is getting closer to being priced in on Friday, which led to an increase in equities and US equity futures. The dollar strength index experienced its biggest monthly decline.

- The Stoxx 600 index of Europe increased as banks soared following the record rate hike by the European Central Bank and miners climbed on hopes for Chinese demand. S&P 500 and Nasdaq 100 contracts saw increases greater than 0.8%. in premarket trade in New York.

- Following the ECB's 75 basis point rate increase on Thursday, the euro reached its highest point in three weeks. Betting on the Federal Reserve's decision to raise interest rates by the same percentage at its meeting later this month surged after head Jerome Powell reaffirmed the Fed's commitment to reducing price pressure.

- Treasury prices began to recover, while the policy-sensitive two-year yield is still close to its highest level since 2007. The pound increased in value relative to the dollar while the dollar spot index fell by as much as 1%. While bitcoin increased the most in over a month, oil and gold also soared.