Key Global Events

The Bank of Japan shook financial markets by loosening its grip on bond yields. The move brought Japan's 10-year yield to its highest level since 2014, triggered large swings in the yen, and ignited a debate about whether the country is beginning to normalize policy

The Fed and 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.

Futures of major U.S. indexes trade higher heralding a bullish opening on Wall Street. Dow Jones +0.32%, S&P500 +0.51% and Nasdaq +0.92%.

European stock exchanges continue the session in the negative. Milan's FTSE MIB -0.25 percent, Paris' CAC -0.17 percent, Madrid's IBEX +0.03 percent, London's FTSE +0.07 percent

Forex & Commodities

Euro and Sterling prepare to close the week in negative territory. Currencies recover against the dollar last weekly session. EURUSD +0.26%. GBPUSD cross +0.54%. Among commodities, oil falls below $80 per barrel (-0.31%). Gold trades around $1953 an ounce (+0.37%).

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 +1.31%.

Global Macroeconomic Data 

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