U.S. Stock Futures Slide on Recession Worries: Markets Wrap

Bloomberg2023-01-19

Treasuries rallied and equities declined as growing signs of a global economic slowdown raised investor concern that the start-of-the-year rally in risk assets may have gone too far.Contracts on the S...

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Comments

maria8
2023-01-21
maria8
Another successful withdrawal from lily Anderson fxtrade , 1.3BTC just hit my binance wallet, I think she is one of the best account manage in trade, on Instagram or Facebook.
lars
2023-01-19
lars
Less inflow, low volume
来人
2023-01-19
来人
Ok
Andrewinho
2023-01-19
Andrewinho
Opportunity is here!! 🤭🤭🤭

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That, however, didn’t deter Federal Reserve officials from reaffirming the need for tighter monetary policy.“This weakness in equity markets will continue a bit longer in this first quarter of the year as the market reprices what the Fed will do,” Sailesh Jha, the chief economist and head of market research for RHB Banking Group, said in an interview with Bloomberg Television.Europe’s equity benchmark snapped the longest streak of gains since November 2021, dragged by energy and mining stocks. Australian bonds rose after the nation’s employment levels unexpectedly fell in December. New Zealand’s dollar fell 0.7% amid news Prime Minister Jacinda Ardern will step down next month.Treasuries advanced across the curve, with the two-year yield shedding 2 basis points, while the 10-year rate fell 1 basis point. The dollar traded lower, with the Japanese yen contributing most to its losses.In the US, Wednesday’s releases showed producer prices and retail sales fell, while business equipment production slumped. A decline in factory output wrapped up the weakest quarter for manufacturing since the onset of the pandemic. Even after such a string of poor data, Fed officials repeated calls for more interest-rate hikes.St. Louis Fed President James Bullard said policy was not yet in restrictive territory and projected a forecast rate of up to 5.5% by the end of the year in the Fed’s dot plot projections. is “almost” in restrictive territory but not quite. Cleveland Fed President Loretta Mester said the Fed needs “keep going” and Philadelphia Fed chief Patrick Harker repeated his view of lifting interest rates in quarter-point increments “going forward.”Copper fell 1.2% in London trading. Freeport McMoRan slid 2.8% in early New York trading. Philip Morris rose 1.2% after Jefferies upgraded the stock to buy, citing the outlook for reduced-risk products in the tobacco industry.Oil fell for a second day as traders had to contend with US recession worries as well as another build in inventories. West Texas Intermediate dropped below $79 a barrel after declining almost 1% on Wednesday.Key events this week:US housing starts, initial jobless claims, Philadelphia Fed index, ThursdayECB account of its December policy meeting and President Christine Lagarde on a panel in Davos, ThursdayFed speakers include Susan Collins and John Williams, ThursdayJapan CPI, FridayChina loan prime rates, FridayUS existing home sales, FridayIMF’s Kristalina Georgieva and ECB’s Lagarde speak in Davos, FridayHere are some of the main market moves:StocksThe Stoxx Europe 600 fell 0.9% as of 10:19 a.m. London timeS&P 500 futures fell 0.4%Nasdaq 100 futures fell 0.4%Futures on the Dow Jones Industrial Average fell 0.4%The MSCI Asia Pacific Index fell 0.6%The MSCI Emerging Markets Index fell 0.3%CurrenciesThe Bloomberg Dollar Spot Index was little changedThe euro rose 0.3% to $1.0823The Japanese yen rose 0.4% to 128.42 per dollarThe offshore yuan fell 0.3% to 6.7886 per dollarThe British pound fell 0.2% to $1.2329CryptocurrenciesBitcoin was little changed at $20,784.16Ether was little changed at $1,527.28BondsThe yield on 10-year Treasuries declined one basis point to 3.36%Germany’s 10-year yield was little changed at 2.02%Britain’s 10-year yield declined four basis points to 3.27%CommoditiesBrent crude fell 0.9% to $84.24 a barrelSpot gold rose 0.2% to $1,908.60 an ounce","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9952018987,"gmtCreate":1674255844449,"gmtModify":1676538933751,"author":{"id":"4137355951127532","authorId":"4137355951127532","name":"maria8","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4137355951127532","authorIdStr":"4137355951127532"},"htmlText":"Another successful withdrawal from lily Anderson fxtrade , 1.3BTC just hit my binance wallet, I think she is one of the best account manage in trade, on Instagram or Facebook.","listText":"Another successful withdrawal from lily Anderson fxtrade , 1.3BTC just hit my binance wallet, I think she is one of the best account manage in trade, on Instagram or Facebook.","text":"Another successful withdrawal from lily Anderson fxtrade , 1.3BTC just hit my binance wallet, I think she is one of the best account manage in trade, on Instagram or Facebook.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952018987","repostId":1186857765,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956483770,"gmtCreate":1674130995291,"gmtModify":1676538925617,"author":{"id":"4123975168941882","authorId":"4123975168941882","name":"lars","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4123975168941882","authorIdStr":"4123975168941882"},"htmlText":"Less inflow, low volume&nbsp;","listText":"Less inflow, low volume&nbsp;","text":"Less inflow, low volume","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956483770","repostId":1186857765,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956480613,"gmtCreate":1674128871333,"gmtModify":1676538925494,"author":{"id":"3575544575320394","authorId":"3575544575320394","name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3575544575320394","authorIdStr":"3575544575320394"},"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956480613","repostId":1186857765,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956417629,"gmtCreate":1674126448761,"gmtModify":1676538925374,"author":{"id":"3581563418944392","authorId":"3581563418944392","name":"Andrewinho","avatar":"https://static.tigerbbs.com/3127e2bc40ab23064a5187a00a63e19b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581563418944392","authorIdStr":"3581563418944392"},"htmlText":"Opportunity is here!! 🤭🤭🤭","listText":"Opportunity is here!! 🤭🤭🤭","text":"Opportunity is here!! 🤭🤭🤭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956417629","repostId":1186857765,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":68,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1186857765"}