German bank posts its highest profit in 10 years in better than expected results.
The European Central Bank launched a stress test on Thursday to assess how prepared banks are to deal with potential shocks stemming from climate risk, it said in a statement. The ECB has long warned that euro zone lenders are failing to meet its climate risk management goals, and repeatedly called on them to adjust to its standards more quickly. "This is not a pass or fail exercise, nor does it have direct implications for banks’ capital levels," the ECB said.
Dow Jones futures tilted higher early Friday, while S&P 500 futures and Nasdaq futures rose modestly, amid volatile overnight trading. Tesla headlined key earnings after hours, while investors continue to mull a hawkish Fed.