Stocks and US equity futures advanced Friday as investors assessed whether monetary tightening to tackle inflation in the US and Europe is getting closer to being priced in. A gauge of dollar strength dropped the most in a month. Europe's Stoxx 600 Index jumped more than 1.5 per cent as miners rallied on optimism over Chinese demand, while banks surged following the European Central Bank's record rate hike. Gains in contracts on the S&P 500 and Nasdaq 100 exceeded 0.8 per cent.  The euro touched the highest level in three weeks after the ECB raised rates 75 basis points Thursday.

https://www.bloomberg.com/news/articles/2022-09-08/hawkish-fed-chorus-points-to-cautious-open-in-asia-markets-wrap

#bloomberg