- Treasury yields rose further, dampening investor appetite for stocks as traders focused on earnings reports and an intensifying diplomatic push to end the Israel-Hamas conflict.
- 10-Yr US government bond yields rose for a fourth day, moving closer to 5% for the first time since 2007.
- After falling on Wall Street on Wednesday, US equity futures were steady, while Europe's STOXX 600 Index fell 0.6%. Tesla fell 6% in premarket trading after its third-quarter earnings fell short of already low expectations. Netflix, on the other hand, surged after reporting the best quarter for subscriber growth in years.
- In the Middle East, UN Secretary-General Guterres is scheduled to visit Egypt the day after US President Joe Biden visits Israel, and UK Prime Minister Rishi Sunak has begun a two-day visit to the region. Investors' attention will shift later to US data for new economic readings. Chair Powell concludes another busy week of Fed speeches.
- S&P: China regional banks could take 2.2 trln yuan hit from local government arms.
- ECB's Nagel: I assume we will pay with digital euro in roughly five years.