- S&P 500 Index futures contracts fell 0.2%, and Europe's Stoxx 600 index fell for a third day. The price of gold was close to a 13-month high as Treasury yields increased.
- In US premarket trading, Nvidia fell 1.6% as investors assessed Japan's decision to join a US alliance to stifle semiconductor exports to China. After announcing plans to separate its benefits and rewards division, catering service firm Sodexo saw its stock rise 11% in Paris.
- The Reserve Bank of New Zealand startled the markets by raising interest rates by half a point, which was double the amount predicted. According to Governor Adrian Orr, despite a weakened economy, expectations for price increases may continue to be high due to excessive inflation.
- The two-year Treasury yield increased 5 basis points to 1.2% in the meantime, following a 14 basis point decline yesterday. Swap contracts reduced the likelihood of a quarter-point rate increase at the Fed's May meeting from a peak of 70% to somewhere around 50%.
- Leading institutes see German economy evading a winter recession.
- Post-Brexit checks on EU products entering the UK will be streamlined - Sky News.
