- As investors weighed shaky company reports and the likelihood of increased US borrowing costs, US equity futures fell in tandem with European stocks. Bond yields fell for the second day in a row.
- After the tech-heavy index entered a decline on Thursday, NASDAQ 100 contracts underperformed those for the S&P 500. In Europe, the STOXX Europe 600 index, which includes miners, travel and leisure, and autos, fell to its lowest level in a month.
- Investors are concerned about the likelihood of diminished stimulus as part of the Fed's strategy to combat excessive inflation. Company developments also contributed to the gloomy attitude.
- The Biden administration has increased the federal-worker minimum wage to $15 per hour - Axios
- Russian Duma Energy Committee Head, Zavalny: It will be difficult to rebuild oil output following the OPEC+ reduction.
- UK Retail Sales MoM Actual -3.7% (Forecast -0.6%, Previous 1.4%) Sterling Weakened.
- China is urging banks to increase lending after a sluggish start to 2022.
- ECB's President Lagarde: The ECB does not anticipate inflation spinning out of control.
