📆 Thursday, February 8
► Movements in global equity and bond markets were subdued today as we await further comments from Federal Reserve officials and deliberations on China's market support strategies. The Stoxx 600 is up 0.3%, while US equity futures remain steady after a positive session, reflecting a market still looking for direction.
► In Europe, the Stoxx 600 saw a slight boost also benefiting from a strong US session. In corporate news, Unilever reported an increase in sales, marking its first growth in over two years. AstraZeneca anticipates promising earnings growth driven by its cancer drugs.
► In the US, S&P 500 futures remained unchanged, coming off an all-time high that edged the index nearer to the 5,000 milestone. Following successful three and ten-year bond auctions, the upcoming 30-year US Treasury sale is eyed as a critical gauge of market sentiment. Despite regional banking sector jitters, bond markets have absorbed Fed policymakers' cautious signals, hinting at no rate cuts before May.
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