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© Reuters. File Photo: A 3D printed model of an oil barrel is shown in front of the displayed stock graph down in this figure taken on December 1, 2021. REUTERS / Dado Ruvic / Illustration 2/2
By Stella Qiu and Kevin Buckland
Beijing -Investors and traders have considered the latest developments in the Ukrainian war and more hawkish comments from Federal Reserve officials, suspending US Treasury sales and oil prices. While rising, Asian stocks fell on Thursday.
MSCI’s widest non-Japanese Asia Pacific stock index fell 0.6%. It fell by more than 1% on Thursday morning after hitting a two-month high in the previous session.
The Chinese market fell as Hong Kong fell 0.9% and the Mainland Best Equity Index fell 0.7%. The share price of Tencent Holdings (OTC 🙂 fell 4.6% after recording the slowest sales increase to date.
US President Joe Biden arrives in Brussels for a series of summit talks on the Ukrainian War, and Biden was scheduled to announce a US package of Russian-related sanctions against politicians and Oligalhi on Thursday.
Crude oil prices remained strong. Russian President Vladimir Putin said Wednesday that Moscow, which calls action in Ukraine a “special operation,” will seek payment in the ruble of gas sold to “unfriendly” countries.
Futures rose about 45 cents (0.4%) at $ 122.05 a barrel, and US West Texas intermediate futures rose about 15 cents (0.2%) at $ 115.07 a barrel. [OR/]
Meanwhile, the bond market paused breathtakingly after a one-night retreat from its almost three-year peak of 2.4170%, with a benchmark yield of 2.3098% in Tokyo trading.
The two-year yield, sensitive to traders’ expectations for the federal funds rate, was 2.1233%, down from the nearly three-year high of 2.220% that reached Tuesday.
The Federal Reserve Board on Wednesday is ready to take more aggressive action to reduce unacceptably high inflation, including the possibility of a half-percent rate hike at the next policy meeting in May. I showed that I was there.
The major US stock index fell by more than 1% on Wednesday. It decreased by 448.96 points (1.3%) to 34,358.5. Slide 55.41 points, or 1.2%, is 4,456.2. It fell by 186.21 points (1.3%) to 13,922.60.
IG market analyst Kyle Roda said, “Equities have reversed some of the recent rally as bond yields have fallen in what may be a simple pullback after the last 10 days of ripping rallies.” Stated.
“It’s still a relatively volatile market, but it suggests that these ripping movements in stocks should be treated with caution.”
The currency market on Thursday was stable with the Japanese yen suffering a big loss. Rising US yields and deteriorating trade balances sucked cash from Japan, hitting a six-year low on Wednesday at 121.41.
The euro remained at $ 1.0988 and the Australian dollar took a breather after a few days of sharp rises. Was almost unchanged at $ 0.74955, approaching the nearly five-month high of $ 0.75070, which touched Wednesday.
Gold was slightly lower and traded at $ 1942.9 per ounce. [GOL/]