- As investors studied a flurry of corporate earnings for hints on the prognosis for the global economy amid high interest rates and inflation, US equity futures fell alongside European stocks.
- After weeks of relative calm in the banking industry, contracts for the S&P 500 and the NASDAQ 100 traded roughly 0.5% down, with First Republic Bank falling more than 20% in premarket trading following news late Monday that rattled investor confidence.
- With the German 10-Yr yield falling as much as eight basis points, government bonds rose throughout Europe.
- ECB’s Lane: The current data suggests that we have to raise interest rates again at the upcoming meeting.
- ECB's Villeroy: We're likely at the inflation peak today.
- BoE: The BoJ, the ECB, and the SNB, in consultation with the Fed, have jointly decided to revert the frequency of their 7-day operations from daily to once per week.