- US stock index futures declined as investors concentrated on the Wall Street banks' quarterly earnings announcements and amid indications that central banks will become more hawkish.
- As US markets were about to resume following a vacation, contracts on the S&P 500 and NASDAQ 100 indices declined by at least 0.3% a piece. Retail and real estate shares weighed down the continent's benchmark, the Stoxx Europe 600 index. Most Treasury securities fell, and yield curves widened. Gold fell while the dollar swung between gains and losses.
- Philip Lane, the European Central Bank's chief economist, said that to get interest rates back to their target levels and bring inflation back to the desired level, central bank tightening will need to halt. Vice Chairman of Blackrock Inc. Philipp Hildebrand stated that he did not anticipate any policy relaxation this year. Data, notably a record rise in UK salaries, suggested that additional rate increases are required.
