Saturday, January 22, 2022

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    Hawkish Fed remarks dent global sentiment

    London — European stocks fell following global momentum as new hawkish comments from the Federal Reserve re-emerged expectations for imminent policy tightening on Friday.

    Pan-Europe Stoxx 600 Early trading fell 0.5%, tech stocks fell 1.2% to lead losses, and oil and gas stocks rose 0.5%.

    Some Federal Reserve policy makers on Thursday They show that they may be ready to start raising US interest rates in March, Inflation is currently running at 7%.. The rate rose at the fastest 12-month pace in almost 40 years in December.

    Expectations for higher rates that make future cash flows unattractive have led to a tremendous start to the global market in 2022.

    It’s a big day for Wall Street earnings on Friday. JP Morgan, Citigroup, Black lock When Wells Fargo All report the results for the fourth quarter.

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    Investors are also watching the development of the geopolitical situation surrounding Ukraine after Russia has poured cold water into negotiations with NATO member states. With the collapse of the negotiations, US diplomat Michael Carpenter said, “The heartbeat of the war sounds loud and the rhetoric is quite high-pitched.”

    In corporate news, German software group SAP On Thursday, France’s state-owned utility reported a 28% increase in cloud computing revenue in the fourth quarter. EDF The government has ordered cheaper nuclear power to be sold to smaller rivals in order to curb the rise in electricity prices.

    On the data side, Germany will announce tentative full-year GDP growth on Friday morning, as well as consumer price inflation in France and Spain in December.

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    Hawkish Fed remarks dent global sentiment

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    The post Hawkish Fed remarks dent global sentiment appeared first on Eminetra.

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