European stocks down, yen hits 20-year low as US hikes loom
European shares were lower on Tuesday, while yields on 10-year U.S. inflation-linked bonds were close to turning positive for the first time in two years, as the prospect of aggressive Fed tightening to rein in inflation kept investors on edge.
Trending now: Netflix’s forecast as competition heats up
Netflix Inc (NFLX.O) is expected to report its slowest quarterly revenue growth in nearly eight years on Tuesday, but the focus will be on its forecast in the run-up to new seasons of popular titles including “Stranger Things” and “Ozark”.
Explainer: What would Japan’s currency intervention to combat a weak yen look like?
Japanese policymakers escalated their warnings against sharp yen falls with the finance minister saying the currency’s slump to two-decade lows versus the dollar would damage the economy by pushing up living costs at a time wage growth remains slow.
OPEC tells EU it’s not possible to replace potential Russian oil supply loss
OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not pump more.
Dollar index touches 100 for first time in nearly two years
The U.S. dollar index strengthened to 100 for the first time in nearly two years on Friday, supported by the prospect of a more aggressive pace of Federal Reserve interest rate hikes.
Oil extends rally on prospect of more Russia sanctions
Oil prices rose on Tuesday as the United States and Europe planned new sanctions to punish Russia over alleged war crimes in Ukraine, raising concerns over tighter global supply, while Iran’s nuclear talks with world powers stalled.
U.S. stops Russian bond payments, raising pressure on Moscow
The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars.
Nearly half of crypto owners first bought digital assets in 2021, survey shows
Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from U.S. cryptocurrency exchange Gemini.
Analysis: With capital markets jittery, private equity pounces to finance tech buyouts
When buyout firm Thoma Bravo LLC was seeking lenders to finance its acquisition of business software company Anaplan Inc (PLAN.N) last month, it skipped banks and went directly to private equity lenders including Blackstone Inc (BX.N) and Apollo Global Management Inc (APO.N). Within eight days, Thoma Bravo secured a $2.6 billion loan based partly on annual recurring revenue, one of the largest of its kind, and announced the $10.7 billion buyout. The Anaplan deal was the latest example of what capital market insiders see as the growing clout of private equity firms’ lending arms in financing leveraged buyouts, particularly of technology companies.
Analysis: Sony launches Game Pass counterattack with subscription service upgrade
Sony Group Corp’s (6758.T) revamp of its PlayStation subscription service is a major step toward levelling the playing field with Microsoft’s rival Game Pass, although holding back new releases may dampen enthusiasm, analysts say.
