- As investors anticipated labour market data in response to the Federal Reserve's most recent meeting's cautious commentary, US equity futures inched up and European shares held steady. the end of oil's two-day decline.
- As Amazon increased in premarket trade following its announcement that it will lay off more than 18,000 employees, contracts on the S&P 500 increased by 0.2%, while those on the tech-heavy NASDAQ 100 were up by 0.3%. After next plc increased its earnings prediction, retailers led advances on the Stoxx Europe 600 index, which also turned positive and reversed earlier losses.
- The announcement that China's border will gradually reopen contributed to a rally in the equity gauges for the Chinese mainland and Hong Kong in Asia.
- Investors are looking for hints on the labour market and its implications for monetary policy in a private US jobs report due out later today and nonfarm payrolls due out on Friday after Fed minutes showed officials cautioned against underestimating their willingness to keep interest rates high for some time. Despite the fact that US stocks reduced their gains after the minutes, traders are still anticipating rate cuts by the end of 2023.
