Stocks slide, treasury yields jump as inflation fears crescendo
Asian and European shares fell, U.S. and European bond yields hit multi-year highs, and oil prices climbed on Wednesday as investors braced for tighter monetary policy to combat troubling levels of inflation.
BOJ raises inflation forecasts but rules out policy tightening
The Bank of Japan raised its inflation forecasts on Tuesday but said it was in no rush to change its ultra-loose monetary policy, as rising prices fan speculation it may soon signal a shift in its decade-old stimulus experiment.
UK sees record job creation but inflation squeezes wages
British employers hired a record number of staff last month and labour shortages deepened, increasing the chance that the Bank of England will raise interest rates again next month, but pay was squeezed by rapidly rising inflation.
Risk of central bank hikes prompts investors to shun tech – surveys
High-flying tech stocks, the darling of the pandemic, are the most shunned counters in the opening weeks of 2022 as investors see a flurry of rate hikes from central banks as the top risk to markets, investor surveys said on Tuesday.
Winter storm slams U.S. East Coast, Canada, thousands of flights canceled
A major winter storm slammed much of the eastern United States with snow, ice and high winds on Sunday, causing widespread travel disruptions and power outages on a holiday weekend.
Oil steady as rising Libyan output offsets supply worries
Oil prices were steady on Monday, as investor bets that global supply will remain tight amid restraint by major producers were offset by a rise in Libyan output.
Japan finance minister vows stable JGB issuance via dialogue with markets
Japan will issue government bonds (JGBs) worth 215 trillion yen ($1.89 trillion) in the next fiscal year in a stable manner through dialogue with markets, its finance minister said on Monday, after stimulus to offset the impact of COVID-19 saw bonds worth 224 trillion yen issued this year.
Indonesia Dec trade surplus at $1 bln, well below forecast
Indonesia’s trade surplus narrowed more than expected in December to $1.02 billion, the lowest in 20 months, as a surge in exports driven by commodities slowedand imports hit a record high, official data showed on Monday.
Credit Suisse says its revamp intact despite chairman’s exit over COVID-19 breaches
Credit Suisse will stick to its strategic overhaul despite the abrupt departure of its mastermind Antonio Horta-Osorio following an internal probe into his personal conduct, including breaches of COVID-19 rules, the embattled bank’s new chairman said on Monday.
European stocks gain ahead of earnings; China adds stimulus
European shares were slightly higher in early trading on Monday as investors focused on company earnings and U.S. Federal Reserve policymakers entered a quiet period ahead of their meeting next week.
