- US stock futures rose after the S&P 500 extended its winning streak to eight days. Treasuries sank ahead of more central bank officials' comments.
- While the impetus has faded, the S&P 500 has inched higher this week, and if the index closes higher for another day, it would have marked its longest winning streak since 2004.
- European markets excelled, with the Stoxx 600 up 0.6% thanks to a 32% increase in shares of Adyen, a Dutch payments processor that competes with PayPal.
- In other news, oil was trading near a three-month low after falling about 7% in the previous two sessions. The 10-year Treasury yield increased three basis points to 4.52%. Bitcoin reached an 18-month high.
- The current uptick in global share markets is due to the belief that the Federal Reserve and other policymakers are done raising interest rates, even as officials warn that they will not be quick to cut. According to European Central Bank Vice President Luis de Guindos, any notion of decreasing borrowing prices in the coming months is premature.
- BoE's Pill: We do not need to raise rates to bear down on inflation. Developments in the real economy are weaker than forecast.
