As traders adopted a more optimistic assessment of pricing pressures, u.s. equity futures moved higher and European equities remained stable around a record.
The Nasdaq 100's tech-heavy contracts outpaced the S&P 500. In premarket trading, Nvidia soared 7% as the world's largest chipmaker issued a sales projection. On the Stoxx Europe 600, equities were flat, with travel and leisure firms leading advances.
Global equities have been gaining ground as a result of strong earnings and signs that central banks would be conservative with rate hikes even as inflation continues to rise.
Money markets are now indicating that the European Central Bank will not raise rates until 2023, rather than this year. In the meantime, Turkey's central bank lowered its benchmark interest rate for the third month in a row, pushing the lira down to new lows.
- ECB's Panetta: A digital euro prototype will be developed in 2023.
- Kremlin: Nord Stream 2 has met all bureaucratic conditions for a German license, and that the pipeline is technically ready to go.
- The full size of the Japan stimulus is 78.9 trillion yen - document.
- EU extends pandemic aid through to the end of June 2022.
- Japan LDP's Tax Chief Miyazawa: I would like the tax system to incentivize wage increases.
