• Latest
  • Trending
  • All
Stocks off highs as inflation fears mount

Stocks on the defensive as US CPI report looms

April 12, 2022 04:26
Equities struggle amid economic and China-related concerns

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
Dollar lacks upside momentum due to lower Treasury yields

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
Stocks gain, dollar eases ahead of job market data

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
Dollar lacks upside momentum due to lower Treasury yields

Dollar tries to shrug off the pressure

December 26, 2022 05:13
Investors spooked by strong US data

Investors spooked by strong US data

December 23, 2022 11:55
Dollar lacks upside momentum due to lower Treasury yields

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
Risk demand reemerges cautiously, but caution remains in place

Risk demand reemerges cautiously, but caution remains in place

December 21, 2022 08:49
Dollar lacks upside momentum due to lower Treasury yields

US dollar resists selling pressure

December 20, 2022 10:44
Market sentiment dented by recession fears

Market sentiment dented by recession fears

December 19, 2022 02:53
Dollar lacks upside momentum due to lower Treasury yields

Greenback stays on the defensive nearly across the board

November 16, 2022 05:34
Investor sentiment improves, but gains limited

Investor sentiment improves, but gains limited

November 15, 2022 05:46
Dollar lacks upside momentum due to lower Treasury yields

Dollar licks wounds after plunge

November 14, 2022 05:05
  • Terms & Сonditions
  • Contact
Saturday, April 1, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » Stocks on the defensive as US CPI report looms

Stocks on the defensive as US CPI report looms

by Stephen Soo
April 12, 2022 04:26
in Fundamental analysis
0
Stocks off highs as inflation fears mount

The data is expected to show an 8.4% annual increase in consumer prices

Wall Street stocks finished lower overnight as bond yields rallied further in anticipation of the US inflation report. The yield on the benchmark 10-year US Treasury note exceeded 2.8%, its highest since January 2019. The S&P 500 fell 1.7%, the Dow Jones Industrial Average retreated 1.2%, and the tech-heavy Nasdaq Composite declined 2.2%. The data is expected to show an 8.4% annual increase in consumer prices — the highest level since December 1981. Investors are also nervous as earnings season kicks off this week.

Following suit, Asian equities fell on Tuesday amid persistent geopolitical and economic concerns. Japan’s Nikkei 225 gave up 1.8% after remarks by Japanese prime minister as he once again highlighted the importance of FX stability. S&P/ASX 200 dropped 0.42% after the data showed that NAB business confidence index for March came in at 16, adding just three points. Bucking the trend, Hong Kong’s Hang Seng Index reversed early losses to add 0.42% while China’s Shanghai Composite rallied 1.46% after the authorities approved first batch of new video game licenses in nine months.

In Europe, equities opened the day on a softer note on Tuesday, with banking sector leading the losses. The pan-European Euro Stoxx 600 index was down 1.2% in early deals. On the data front, the jobless rate in the UK fell to its lowest level since 2019 while Germany’s March wholesale price index came in at 6.9% vs +1.7% m/m prior. US stock index futures declined in early morning trading as investors braced for a key inflation report Tuesday.

Elsewhere, the USD index keeps flirting with the 100.00 mark on Tuesday as traders await the US inflation report that could push the greenback above the key barrier as strong figures would add to Fed’s hawkishness towards monetary policy tightening. As such, EURUSD has settled below 1.0900, threatening the 1.0830 zone that represents the intermediate support on the way towards the 1.0800 two-year low. However, the euro could hold above this mark ahead of the ECB meeting due on Thursday. 

Tags: ASX 200DOW JONESECBEURUSDNasdaqNikkeiS&P 500Stoxx 600USUSD
Share2Tweet2
ADVERTISEMENT
Stephen Soo

Stephen Soo

Stephen's specialty is fundamental analysis. He graduated from the Booth School of Business, the University of Chicago. Stephen currently cooperates with several news agencies, and on FWNews he publishes macroeconomic news and reviews on brokerage companies.

Related Posts

Equities struggle amid economic and China-related concerns
Fundamental analysis

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
16
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
12
Stocks gain, dollar eases ahead of job market data
Fundamental analysis

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
12
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar tries to shrug off the pressure

December 26, 2022 05:13
12
Investors spooked by strong US data
Fundamental analysis

Investors spooked by strong US data

December 23, 2022 11:55
11
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
16

Leave Your Opinion Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

China’s Caixin/Markit manufacturing purchasing managers index rose to 51.2 in June

Stocks directionless despite strong economic data

July 1, 2020 05:00
16
Pound corrects higher due to dollar weakness

Dollar steadies after a rally, euro directionless

July 7, 2021 07:47
14
Dollar lacks upside momentum due to lower Treasury yields

Dollar retreats, gearing up for another attack

December 14, 2021 00:21
10

Ads

Shneider Electric

Most Popular

A slow start to the week in FX markets
Technical analysis

Dollar regains ground to start the week

January 25, 2021 07:25
118
A slow start to the week in FX markets
Technical analysis

Greenback advances modestly amid strong data

May 28, 2021 07:38
110
Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
News

Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

July 28, 2020 08:29
95
FWNews

Copyright © 2022 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2022 FWNews