- European markets rose as a result of investors finding solace in Italian government pledges that a proposed windfall tax on banks will be restricted.
- The leading FTSE MIB Index in Italy increased by more than 2%, ending a six-day losing trend. The STOXX 600 index rose 1% on Wednesday thanks in large part to gains made by UniCredit and Intesa Sanpaolo, which were at the centre of Tuesday's falls following the announcement of the new tax.
- With the euro strong, copper rising, and US futures signalling a Wall Street comeback, other markets were risk-on.
- Before to another well watched bond auction later today, Treasuries remained stable. The anticipated sale of new 10-year notes by the US government will total $38 billion, which is $3 billion more than the previous 10-year note debut in May.
- Rice in Asia climbs to the highest level since 2008 on supply risks.
- Russian Defence Min. Shoigu: Russia will build up forces at western borders - TASS.
