Investors Short of Breath, Mornings Forced to Hear This Bad News

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 Equities moved longlai with several negative factors clouding market sentiment especially ahead of the United States (US) inflation data reading.


News of the Russia-Ukraine war once again 'burned' the market, flanked by the results of the bond purchase support program by the Bank of England (BOE) and the release of consumer price index (CPI) data on Thursday made investors nervous.


Also contributing to the negative factors is news of new restrictions (lockdown) in China involving Covid-19, in addition to the ongoing tension between the Great Wall country and the US.


As a result, Wall Street was seen to experience a decline with the greenback leading the buying in the market.


The dollar struggled in positive and negative territory before ending the session with a 0.1% jump while the Euro was up 0.05% at $0.9705, the Yen was down 0.06% at ¥145.81 and the Pound was down 0.78% at $1.0969.





Looking at the chart, the Dow Jones Industrial index was up 0.12% at 29,239.19, the only one to show a jump while the S&P 500 lost 0.65% at 3,588.84 and the Nasdaq Composite was down 1.1% at 10,426.19.


The European zone saw the STOXX 600 index lose 0.56% while MSCI's gauge of global shares fell 0.97%, down 1.5% at 549.19 so far to approach the October 20, 2020 low.


The opening of Asian trade this morning saw Japan's Nikkei 225 down 0.2% while the Topix lost 0.15% while Australia's S&P/ASX 200 was flat.


South Korea's Kospi fell 0.23% while the Kosdaq slipped 0.33% and MSCI's broadest index of Asia Pacific shares outside Japan was unchanged.


The bond market summary saw the 10-year US Treasury note yield rise 5.8 basis points to yield 3.943% from 3.885%.

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