- Global equities extended their rally as Federal Reserve officials warned against disruptive policy tightening and US companies signalled another strong earnings season. Index futures in the United States swung from gains to losses, mirroring the volatile moves seen in recent days.
- After a two-day rally in new york led by dip-buying, futures on the NASDAQ 100 index were little changed, while those on the S&P 500 index were 0.2% lower. A global stock index that excludes the united states is on track for its biggest two-day gain in nearly three weeks. The dollar fell, and Treasury yield curves flattened.
- Four Fed officials said they will support interest-rate increases at a pace that does not disrupt the economy, calming markets that had been rattled by the central bank's previous hawkish messages. Investors are now debating whether the rally that has averted the S&P 500's worst monthly loss since March 2020 will continue. They are also paying attention to earnings reports in order to gauge the strength of the economic recovery.
- For the first time since 2015, the German 2-year yield was above the ECB rate.
- EU Exec. VP Dombrovskis: We're preparing a hefty sanctions package against Russia.
- India will implement a CBDC to improve the economy. The currency will be issued by the RBI in 2022-2023.
