- As Treasury rates stabilized a day before a major American inflation report, European markets recovered from their worst drop in six weeks.
- Following the Nasdaq 100's comeback, technology firms drove a 1% increase in the Stoxx Europe 600 index. Contracts on the tech-heavy Nasdaq climbed more than those on the S&P 500 in US futures. Benchmark treasury rates have remained stable at around 1.75%.
- Days of selling expensive tech & high-growth stocks were reversed by the moves, which were fueled by predictions that the Federal Reserve will hasten rate hikes. Investors are now concentrating on forthcoming results and dip-buying opportunities since tighter policy has already been factored in.
- Fed's Bostic, sees three rate hikes in 2022, with risks pointed towards a fourth on the possibility of higher inflation.
- ECB's President Lagarde: A fresh strategy is especially crucial today, given the current period of increased inflation.
- ECB’s Lane: Rate rises in 2022 are very improbable.
- ECB's Lane: Inflation will fall this year and will go below the ECB's target of 2% in 2023 and 2024, according to the ECB's forecast.
- China Housing Ministry Official Pan Wei: China plans to build 6.5mln low-cost new homes by the end of 2025.
