London, Tuesday, 22 March 2022
US Markets Summary
Following unusually aggressive statements by Fed Chair Powell while observing the situation in Ukraine, all three main US market indices rebounded substantially on Tuesday, as investors evaluated the likelihood for tighter monetary policy.
As investors returned to faster-growing firms, bank shares benefited from the expectation of higher interest rates, and Nike profited from good third-quarter results, technology equities were among the biggest gainers.
European Markets Summary
Major European stock indices ended Tuesday's session on a high note, with the DAX 30 up over 1% and the STOXX 600 up 0.7 percent, with financial firms leading the way.
To contain inflation, Federal Reserve Chair Powell warned the US central bank could hike rates more than the customary 25 basis points in May.
Meanwhile, investors were concerned that a prolongation of the conflict in Ukraine could result in new sanctions against Russia, aimed at its energy sector and putting further pressure on inflation.
On the business side, Nemetschek, a German software company, rose more than 11% after reporting good full-year earnings and a positive outlook.
U.S. Stock Market Indexes as at 4:00 p.m. ET
S&P 500: +50.63 (+1.13%) to 4,511.81
Nasdaq: +50.63 (+1.13%) to 4,511.81
Dow Jones: +254.87 (+0.74%) to 34,807.86
European Stock Market Indexes
STOXX Europe 600: +3.86 (0.85%) at 458.65 as on 22 Mar, 18:00 CET
FTSE 100 in London: +34.33 (0.46%) at 7,476.72 as on 22 Mar, 16:35 GMT
DAX 30 in Germany: - +146.23 (1.02%) at 14,473.20 as on 22 Mar, 17:55 CET
CAC 40 in France: +77.08 (1.17%) at 6,659.41 as on 22 Mar, 18:05 CET
FTSE MIB 30 in Italy: +239.13 (0.98%) at 24,533.84 as on 22 Mar, 17:35 CET
IBEX 35 in Spain: +98.00 (1.17%) at 8,487.20 as on 22 Mar, 17:38 CET
Other markets
Ten-year U.S. Treasury note: +5.8 bps to yield 2.3730%
Dollar index: -0.08 or -0.08% at 98.42 as on Mar 22, 2022 6:05 p.m. EDT
VIX volatility index: −0.59 (2.51%) at 22.94 as on 22 Mar, 15:15 GMT-5
Oil prices
Brent crude: -0.90 or -0.78% at $ 114.58 per barrel as on Mar 22, 2022 9:59 p.m. GMT
West Texas Intermediate: -0.82 or -0.73% at $ 111.30 as on Mar 22, 2022 2:29 p.m. EDT
Precious metals
Gold: -13.98 or -0.72% at $1,921.56 an ounce as on Mar, 22, 2022 at 18:55 NY Time
Silver: -0.44 or -1.75% at $24.79 an ounce as on Mar, 22, 2022 at 18:55 NY Time
Cryptocurrencies
Bitcoin: +1,508.70 (3.68%) at $ 42,526.40 as on 22 Mar, 22:54 UTC
Ethereum: +108.32 (3.75%) at $ 2,999.16 as on 22 Mar, 22:54 UTC
(Written and edited by: The Decision Maker)
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