- As investors analysed Federal Reserve officials' statements for cues on the timing of interest rate hikes and evaluated the impact of China's expanding covid lockdowns, US equities futures fluctuated and European stocks gained.
- After fluctuating between gains and losses, contracts on the S&P 500 and the Nasdaq 100 changed little. Zoom Video Communications decreased in value in US premarket trade after disclosing weaker sales and lowering its full-year revenue outlook. The oil majors Shell and BP were among the most significant contributors to the 0.2% increase in the Stoxx Europe 600 index.
- All of the major currencies fell against the dollar, and treasury yields decreased. After Saudi Arabia rebuffed reports of a potential increase in OPEC+ production, crude oil prices increased.
- In general, Fed officials have kept up their unwavering campaign against inflation. However, Fed President Daly also noted that decision-makers must take into account the time it takes for policy changes to take effect, and Fed's Mester, indicated that she is open to delaying the pace of rate increases.