Bleu Finance
Tuesday, February 7, 2023
  • Home
  • Accountant
  • Credit
  • Finance
  • Insurance
  • Investment
  • Loan
  • Trading
Subscribe
Bleu Finance
  • Home
  • Accountant
  • Credit
  • Finance
  • Insurance
  • Investment
  • Loan
  • Trading
No Result
View All Result
Bleu Finance
No Result
View All Result
Home World Stock Market

Global Markets: World stocks poised for consecutive weekly gains for first time in 2022

by Kasper Lee
11 months ago
in World Stock Market
0
Global Markets: World stocks poised for consecutive weekly gains for first time in 2022
153
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

U.S. stock futures were marginally higher in the last full week of the quarter while European stocks are set for a minor weekly loss led by financials and energy stocks after two weeks of gains.

World stocks paused for breath on Friday but are set 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 Federal Reserve’s policy tightening and Russia’s war in Ukraine.

U.S. stock futures were marginally higher in the last full week of the quarter while European stocks are set for a minor weekly loss led by financials and energy stocks after two weeks of gains.

Technology shares in Hong Kong led losers and weighed on the broader market after U.S. regulators said recent media speculation about an imminent deal that would stop hundreds of Chinese companies from being kicked off American stock exchanges was “premature”.

Even though global flash PMI data for March this week showed the world economy was broadly resilient, investors have turned increasingly bearish on the economic outlook. Barclays, for example, cut its 2022 world economic growth forecast this week to 3.3% while traders have ramped up short bets.

German business morale deteriorated in March due to worsening supply chain issues resulting from high petrol prices as well as driver shortages, but the country is not facing a recession in the first quarter due to the Ukraine war, the Ifo institute said on Friday.

Global bond markets were still in the grips of one of their worst selloffs in recent memory, while gauges of market volatility threw mixed signals. Nickel, the face of market volatility, climbed 9% on Friday after hitting the 15% daily trading limit in the previous two sessions.

BofA strategists said in a note that U.S. Treasuries are poised for their biggest annual loss since 1949 even as a global pile of negative-yielding government debt have fallen to less than $2 trillion from more than $18 trillion at the height of the pandemic.

“I think the passing of the quarter end and fiscal year end in Japan next week will give a cleaner read on the resilience of risk assets and currencies to the bear market in bonds and prospect of accelerated Fed tightening in May,” said Kenneth Bronx, an FX strategist at Societe Generale in London.

Benchmark U.S. 10-year Treasury yields which have led the broader bond market selloff held at 2.34% on Friday after hitting a near three-year peak of above $2.41% this week. Yields have risen 75 bps in the past two weeks as traders have scrambled to revise their rate hike expectations.

Rising bond yields have benefited the U.S. dollar with the greenback rising to a late 2015 high versus the Japanese yen of 122 yen before trimming some gains.

NOT SUFFICIENT
The broader dollar index took a breather on Friday but was on track for a small weekly gain. The euro currency was marginally higher at $1.108.
“EUR-USD remains quite stuck at around 1.10, with better-than-expected PM surveys across the eurozone for March not sufficient to induce buying interest,” UniCredit analysts said.

Markets are expecting a total rate increase of as much as 190 basis points for the remainder of the year after a 25 bps U.S. rate hike last week. Investors are assigning a 88% probability of a 50 bps rate hike in March.

Chicago Fed President Charles Evans was the latest U.S. policymaker to sound more hawkish, saying on Thursday the Fed needs to raise interest rates “in a timely fashion” this year and in 2023 to curb high inflation before it is embedded in U.S. psychology and becomes even harder to get rid of.

Demand for safe-haven assets including gold and the Swiss franc remained resilient as the conflict in Ukraine showed no signs of slowing. Ukrainian troops are recapturing towns east of the capital Kyiv and Russian forces who had been trying to seize the city are falling back on their overextended supply lines.
Spot gold remained elevated at $1,959 an ounce, steady on the day.

Oil continued to slide a little on Friday, as the United States and allies considered releasing more oil from storage to cool markets. Brent crude fell 1.3% to $117.78 per barrel and U.S. crude down 1.6% to $110 a barrel, but prices were still very high by historic standards.

Related Posts

GLOBAL MARKETS-Stocks look past rate risks in late rally, yen wilts
World Stock Market

GLOBAL MARKETS-Stocks look past rate risks in late rally, yen wilts

March 29, 2022
A Mixed Start for Stocks as Crude Oil Prices Fall Sharply
World Stock Market

A Mixed Start for Stocks as Crude Oil Prices Fall Sharply

March 28, 2022
  • Trending
  • Comments
  • Latest
Understanding the Difference Between an IRA Transfer and a Rollover

Understanding the Difference Between an IRA Transfer and a Rollover

July 13, 2020
Analysis paralysis in the investment business

Analysis paralysis in the investment business

September 17, 2020
5 Physical Investments to Prepare for a Barter Economy

5 Physical Investments to Prepare for a Barter Economy

January 18, 2022
Features of Best Savings Accounts

Features of Best Savings Accounts

November 30, 2020
Why Should You Apply For Easy Payday Loans?

Why Should You Apply For Easy Payday Loans?

0
Third World Challenges in Accounting

Third World Challenges in Accounting

0
Normal Mistakes When Hiring a Tax Accountant

Normal Mistakes When Hiring a Tax Accountant

0
The most effective method to Become A Chartered Accountant

The most effective method to Become A Chartered Accountant

0
Why Should You Apply For Easy Payday Loans?

Why Should You Apply For Easy Payday Loans?

January 17, 2023
Slick Cash Loans: Quick Solutions To Your Immediate Financial Needs

Slick Cash Loans: Quick Solutions To Your Immediate Financial Needs

December 17, 2022
No Credit Payday Loans In Minutes: Slick Cash Loans

No Credit Payday Loans In Minutes: Slick Cash Loans

December 14, 2022

New Trends Emerging in the B2B World

December 8, 2022
Finance

Why Should You Apply For Easy Payday Loans?

It might be challenging for most people to learn about payday loan benefits. These payday loans are specially designed for ...

January 17, 2023
Finance

Slick Cash Loans: Quick Solutions To Your Immediate Financial Needs

Sometimes more than the money we earn is needed. We need an extra push for some unexpected payments. We do ...

December 17, 2022
Finance

No Credit Payday Loans In Minutes: Slick Cash Loans

Payday loans are unsecured because they must be repaid within a month, depending on your next pay period. As the ...

December 14, 2022
Finance

New Trends Emerging in the B2B World

Businesses now more than ever are adopting new digital payment systems to simplify the payment process. Cash and checks are ...

December 8, 2022
Finance

Why Get Payday Loan From Slick Cash Loan?

In today’s world, meeting many expenses is a challenging task. You have no idea when an emergency would pop up, ...

December 8, 2022

Recent Posts

  • Why Should You Apply For Easy Payday Loans? January 14, 2023
  • Slick Cash Loans: Quick Solutions To Your Immediate Financial Needs December 17, 2022
  • No Credit Payday Loans In Minutes: Slick Cash Loans December 14, 2022
  • New Trends Emerging in the B2B World December 8, 2022
  • Why Get Payday Loan From Slick Cash Loan? December 8, 2022
  • How to Purchase Hero Bike Insurance Quickly Online? December 2, 2022

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • November 2019
  • October 2019
  • US Markets
  • World Stock Market
  • Cryptocurrency
  • Economy

© 2020 Bleu Finance- All Rights Reserved.

No Result
View All Result
  • Home
  • Let us help

© 2020 Bleu Finance- All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In