- US equity futures edged higher as speculation that central banks will remain hawkish in the coming months weighed on gains. German government bonds fell as traders awaited new inflation figures.
- A slew of data indicated that China's economy is on track for a faster recovery. The Stoxx Europe 600 index increased by 0.3%.
- Bonds in Europe continued to fall after hot inflation data prompted a reassessment of rate expectations, continuing a theme that has dominated trading in a month in which the Federal Reserve signalled its intention to raise rates higher than the market had anticipated.
- The European Central Bank is also expected to raise rates until February 2024, with a 4% ECB terminal rate fully priced.
