- Concerns grew that the tightening of central bank policies would have a significant negative impact on the world economy and company earnings, which led to a fourth straight day of declines in European equities and a slight decline in US equity index futures on Monday.
- The Stoxx 600 index for Europe and the S&P 500 futures both decreased by 0.4%. Washington's move to further restrict China's access to US technology and indications that chip demand is slowing had a negative overall impact on the semiconductor industry.
- A faster-than-expected increase in consumer prices would put pressure on policymakers to continue raising interest rates by 75 basis points beyond this year. The minutes from the most recent Federal Reserve policy meeting on Wednesday may offer insight into the Fed officials' pain tolerance level. Fed officials have been steadfastly hawkish in their message that neither the risk of financial market volatility nor the threat of an economic downturn will stop them from raising interest rates.
- The bank of England in Britain increased market-supporting measures as its emergency gilt buying measures reached their final week.
- A rise in oil prices brought on by OPEC+'s decision to reduce supply was halted by worries about the weakening global economy. US crude prices decreased 0.7% following a 17% increase the previous week.
