US markets struggle for direction overnight and treasury yields rose again following hotter job figures and Powell’s reassertion that the Fed would continue to raise rates until inflation subsides. The Dow closed down 58 points (-0.18%). At best it was up 47, and at worst down 244. S&P 500 up 0.14%. NASDAQ up 0.4%. In Europe, STOXX 50 +0.2% FTSE +0.1% CAC -0.2% DAX +0.5%. SPI Futures are up 32 points (+0.44%). Recovering some of yesterday’s loses.

• ASX to rise, Powell walks back harsher rate rhetoric.
• Wall St flutters, Treasury yields ease as Powell resumes testimony.
• S&P 500 falls slightly after mixed data; focus on upcoming jobs data.
• Fed still up in the air on whether to accelerate rate hikes, Powell says.
• US job openings stay elevated as labor market remains tight.
• US opens new special probe into fatal Tesla crash.
• Fintech firms may struggle to find investor love in rebounding U.S. IPO market.
• Bankman-Fried's bid to shift blame complicated by new charges.
• Copper prices rise as dollar dips from three-month high.
• Gold holds near 1-week low as Powell sticks to hawkish narrative.
• U.S. crude inventories fall amid another large adjustment.
• U.S. trade deficit widens moderately in January.
• Biden budget aims to cut deficit by nearly $3 trillion.
• Britain's Hunt to keep tight budget with eye on 2024 election.
• Ukraine defiant as Russians claim control over Bakhmut's east.
• French pension strikes to continue Thursday, disrupting fuel supply and air travel.

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