In Asia, Chinese indices fell sharply due to Xi Jinping’s statements about the Covid restrictions.
Nasdaq 100 futures rebounded with electric vehicle maker Tesla’s strong balance sheet. Futures on the Nasdaq 100 were on the decline Wednesday.
Chinese stocks declined after Xi Jinping’s statement on epidemic measures. Japan and South Korea indices are positive.
While 50 basis points Fed rate hikes for both May and June are priced in the money markets, it is understood that a 50 basis point increase in May is almost certain with the statements from Fed members.
In the Fed’s Beige Book, it was emphasized that rising prices and geopolitical developments distorted the outlook of the US economy.
