- US market futures fluctuated as traders awaited important Wall Street bank earnings announcements. Bond prices increased, with UK gilts leading the way because of expectations that contentious tax-cutting measures will be changed.
- After reversing a loss, contracts on the S&P 500 and the Nasdaq 100 varied. The gains come after a 2.6% increase on Thursday that broke a six-day losing run for Wall Street, even after inflation data that exceeded expectations solidified predictions of additional outsized Federal Reserve interest rate increases.
- The focus of markets will shift to a flurry of corporate results. According to data gathered by intelligence, JPMorgan, Citi, and other large banks are anticipated to report the most profit decrease of any S&P 500 index sector.
- The dollar strengthened against major currencies but maintained levels below two-week highs reached earlier this week. Two-year rates dropped by four basis points, resulting in a decrease in bond yields.
