World stocks are headed for a second consecutive week of gains for the first time in 2022 though sentiment was broadly cautious as markets evaluated the economic risks from the Fed Reserve's policy
But the bulk the action was focused in the bond markets, with two-year US yields pausing for breath at a six-year high after a massive rise this month
US stocks were also set for a pause, with trading on Wall Street likely to be bumpy due to 'triple witching' as investors unwind positions in futures and options contracts before expiry
Oil prices remained above $100 a barrel after slim progress in peace talks between Russia and Ukraine raised the spectre of tighter sanctions and a prolonged disruption to crude supply
Asian stocks surged Thursday while European markets opened lower after the Federal Reserve announced its first interest rate hike since 2008 and China promised support for its real estate and internet industries. Oil prices rose more than USD4 per barrel. London and Frankfurt and Wall Street futures sank. Hong Kong's market benchmark jumped more than 7per cent and Tokyo gained 3.5per cent. Shanghai, Seoul and Sydney advanced. Wall Street's benchmark S&P 500 index rose 2.2per cent after the Fed raised its short-term lending rate by 0.25 percentage points on Wednesday. The widely anticipated change was less than the 0.5 percentage point hike advocated by some officials. "Far from choking off growth, the start of the Fed tightening cycle seems to have been greeted warmly," Chris Turner and Francesco Pesole of ING said in a report. Investors are cheering measures to address high inflation. In early trading, the FTSE 100 in London lost 0.1per cent to 7,283.28 and the DAX in Frankfurt .
Moscow accused the United States on Wednesday of declaring an economic war on Russia, and said it was considering a response to the US ban on Russian oil and energy imports
Stocks are jumping, and oil prices are easing Wednesday as the big swings shaking global markets go in both directions amid uncertainty about the war in Ukraine. The S&P 500 was 2.3% higher in morning trading, following a four-day losing streak that had pulled it 13% below its record set early this year. The Dow Jones Industrial Average was up 648 points, or 2%, at 32,281, as of 10:40 a.m. Eastern time, and the Nasdaq composite was 3.1% higher. Such big swings have been jerking markets around in recent weeks as investors grope to guess how much economic damage Russia's invasion of Ukraine will do. The swings have struck not only day-to-day but also hour-to-hour, with some days seeing several big reversals. The chaotic movements are likely only to continue with uncertainty so high about the war in Ukraine and its ultimate economic fallout. The region is key to markets because it's a major producer of oil, wheat and other commodities, whose prices have spiked on worries about ...
Global stocks broke a four-day slide and demand for safe-haven assets waned on Wednesday
Investors fear a wider war as one of the deepest crises in post-Cold War relations plays out, with Russia wanting security guarantees, including Ukraine's never joining NATO
The world's largest cryptocurrency hit $41,983, taking gains from Thursday's lows to nearly 16%, and marking a 27% rise from the year's low of $32,950.72 on Jan. 24
Asian equities held firm overnight and Wall Street futures rebounded due to better-than-expected earnings from Amazon, which lifted the company's shares about 14% in after-market trade
Shares in Twitter and Spotify also fell and Nasdaq 100 futures dropped 2%, dragging on demand for currencies like the Antipodeans, said Westpac analyst Imre Speizer in Christchurch
Stellar earnings from Google parent Alphabet after Wall Street closed on Tuesday lifted U.S. stock futures as crude oil rose and the dollar eased
After falling nearly 5% in January, world equities started February slightly firmer and currency markets have also changed course
A pan-European equity index opened more than 1% higher, U.S. stock futures rallied and Japan's blue-chip Nikkei rose 0.3%, buoyed by Wall Street's overnight gains
A variety of asset classes from oil to equities are now near or above recent highs, having walked back losses from late November when the Omicron variant of Covid-19 first emerged
The pan-European STOXX 600 index jumped 1.5%, led by tech, energy stocks
While U.S. stocks closed at a record high on Thursday, the optimism faded noticeably in the Asian session with the regional index set to close down 1% for the week
World stocks climbed to a one-month high on Tuesday due to rally in technology shares and prospects of solid corporate earnings
European stocks fell 0.4% and are nearly 5% below their August peak. UK stocks dropped 0.4%.