- As the world's largest economy's enthusiasm over declining inflation continued for a second day and China loosened certain COVID regulations, US index futures and European stocks rose.
- After US stocks soared to their highest level since early 2020 on Thursday, contracts on the S&P 500 and the Nasdaq 100 indices increased by at least 0.4% each. European stocks are expected to have their best week since March. The longest run of weekly losses for the dollar in more than two years was imminent. Chinese stocks traded in New York rose before the market opened.
- Risk sentiment has returned with a vengeance to international markets as the federal reserve's chances of adopting a dovish stance were improved by the sharper-than-expected decline in US inflation. The central bank won't consider its job done until inflation achieves its target of 2%, which is much lower than the level of 7.7% in October, according to several money managers, who caution that such expectations are unwarranted.
