- Stocks and US futures both climbed on Thursday on optimism that tightening Federal Reserve policy could help combat high inflation without derailing economic development.
- As investors awaited announcements from the European Central Bank and the Bank of England, European and UK shares rose. In premarket trade, the S&P 500 and NASDAQ 100 contracts climbed, with tech titans like Apple gaining, indicating that more gains are on the way after Wednesday's late rise.
- The Treasury yield curve steepened after the Federal Reserve announced that it will double the rate at which it reduces bond purchases, with three quarter-point rate hikes in 2022, three more in 2023, and two more in 2024. The dollar fell against the euro and the pound, while the euro and the pound rose.
- Under the fiscal 2022 budget, the Japanese government is expected to issue about 30 trillion yen in new JGBs, down substantially from the previous year's 43.6 trillion yen - Kyodo.
- China tells Evergrande to pay workers and suppliers first.
- Chinese creditors sue Evergrande for claims totalling $13bn - FT
- The Turkish Central Bank has opted to use all of the available space to lower interest rates.