- After a five-day decline brought on by worries that the federal reserve would maintain its hawkish stance in the face of economic headwinds, US equities futures were stable on Thursday.
- After the underlying benchmark had the longest streak of negative days to start a month since 2011, contracts on the S&P 500 index were little changed. The Nasdaq 100's futures moved upward. European stocks continued their four-day decline, with gains for energy companies and miners offset by losses for real estate and telecommunications companies.
- The 10-year yield hit a nearly three-month low as investors prepared for an economic slowdown, but treasuries stopped the rally. The benchmark increased its yield by three basis points to 3.44%, while a measure of the dollar edged up.
- In order to gauge the effectiveness of Fed policy in containing inflation and determine whether the central bank will be able to scale back its aggressive campaign, traders are now anticipating the release of the US Producer Price Report and the Consumer Price Index print on Friday.
