- Nasdaq 100 index futures fell after a surge in global markets was interrupted by weak results and projections from technology bellwethers. The dollar gained ground ahead of rate decisions in Europe and the United Kingdom.
- Even as Facebook parent Meta platforms fell in premarket New York trade due to weaker-than-expected revenue projection, futures on the tech-heavy gauge were down 2.2% Thursday. Futures on the S&P were down 1.2%. On Europe's benchmark index, technology stocks were the poorest performers. Against the dollar, the euro and the British pound both fell at least 0.2%.
- Investors who had hoped that a solid earnings season will keep equities appealing and alleviate some of their remaining concerns, including as federal reserve tightening and persistent inflation, were shocked by disappointing results from Meta to Qualcomm and Spotify Technology. This has halted MSCI's global stock index's largest four-day rise, and refueled traders' shift to less costly equities.
- From April 1st, the United Kingdom's energy regulator, Ofgem, will raise the cap on energy prices by 54%.
- Spain's Economy Min. Calviño: I believe that no changes to the ECB's monetary policy are required.
- UK Government Spokesperson: We have been constantly clear that there are severe difficulties with the Northern Ireland protocol that urgently need to be fixed.
- BoJ's Wakatabe: If negative risks worsen, a rate cut may be considered.
