- On Wednesday, US stock futures held steady following a selloff sparked by Federal Reserve Chair Jerome Powell's hawkish remarks, which increased Treasury bond yields, boosted interest rate bets, and rekindled concerns that the world's largest economy would not be able to avoid a recession.

- Shortly after the underlying index experienced its largest daily losses in two weeks, contracts on the S&P 500 and the Nasdaq climbed roughly 0.2% as the surge in global bond yields slowed. The Stoxx 600 equity index for Europe decreased by around 0.2%. But, with treasury yields remaining slightly higher on the day and the dollar maintaining near to this year's peak, markets remain on edge ahead of additional testimony from the Fed chief later on Wednesday.

- After Powell's hint that he was prepared to speed up policy tightening should inflation continue to soar, money markets are now pricing in a hike in US interest rates over 5.6% later this year. that increased the rate-sensitive two-year treasury yield beyond 5% for the first time since 2007, extending its premium over 10-year rates to a full percentage point for the first time since 1981. According to Deutsche bank strategists, this level implies a recession within a maximum of eight months.

- UK OIS market fully prices in a 25 basis point BoE rate hike this month, the first since February 27th, and a 5% possibility of a 50 BPS hike.

- ECB Insider: Slowing to 25 BPS but hiking for longer could be a compromise - Econostream.