Risky assets in global markets decreased with inflation and re-closure in China.
Low-risk appetite is seen in global markets as inflation concerns resurface. The main factor fueling the inflation concerns in the markets was the rise in oil prices. While a decline is observed in Asian markets due to the fading technology rally in China, the US and European futures are also declining.
After two days of rising Wall Street indices, futures pricing points to a negative opening.
The depreciation of the yen continues. The dollar/yen rate is above the 134 level.
Global markets will also closely monitor the interest rate decision from the European Central Bank and the guidance in the text. Markets do not expect any moves from the ECB in interest rates.
US crude oil traded at $122, while Brent oil rose to $124.