Key Global Events

The FED and the ECB raised interest rates by 25 basis points this week. They may have achieved their goal to counter inflation and bring the rate back to the 2 percent target. 

Both Jerome Powell and Christine Lagarde did not mince words confirming that monetary policy will be given dependent.

European stock exchanges this morning ina open trading in mixed territory. Milan's FTSE MIB -0.10%, Paris' CAC -0.34%, Madrid's IBEX +0.24%, London's FTSE +0.18%. Wall Street futures trade higher. Dow Jones +0.27%, S&P500 +0.39% and Nasdaq +0.70%.

Forex & Commodities

Euro and Sterling trade lower against the greenback. EURUSD -0.15%. GBPUSD cross -0.11%. Among commodities, oil is above $80 a barrel (+0.05%). Gold trades around $1984 an ounce (+0.15%).

Index

Asian stock markets were trading mixed. Tokyo's benchmark Nikkei 225 index closed down -0.47%. China's Hang Seng index continues the rally by trading +1.26%.

Global Macroeconomic Data 

U.S. - At 2:30 p.m. Main Consumer Expenditure Price Index will be released, expected to decline to 4.2%.