- As investors assessed earnings reports and anticipated Jerome Powell's later commentary, US equities futures varied and stocks gained.
- Futures on the Nasdaq 100 contracts moved up while those on the S&P 500 and Dow were flat. Pinterest experienced a decline in premarket trading after reporting weaker-than-expected sales. After oil firm BP increased shareholder returns and announced record profit, energy equities led gains in Europe.
- Following January's strong payrolls data and comments from other Fed officials regarding the prospect of a higher peak than policy makers had previously anticipated, investors are evaluating whether Powell will reduce market anticipation for interest-rate decreases later in 2023. Treasury prices stabilised following a two-day decline brought on by traders increasing their wagers on future Fed tightening.
