- As Russia's conflict in Ukraine enters its second month, and the possibility of an economic slump from tightening monetary policy in the US looms over markets, Asian equities and equity futures dipped on Monday.
- In Japan, stocks fell, while the S&P 500 and Nasdaq 100 contracts fell, marking a halt in the worldwide recovery in markets from the conflict's lows. The value of a dollar index increased.
- Hong Kong and China's shares fell as a result of the Covid-linked lockdown in Shanghai. Part of the reason for the drop in West Texas Intermediate crude to approximately $110 a barrel was anxiety that China's virus resurgence might jeopardise demand.
- Treasury yields were mixed following a bond sell-off, which was fuelled by expectations that the Federal Reserve will lead a global wave of interest-rate hikes to combat rising inflation.
- Since the late 1980s, the 10-yr treasury yield has remained above a technical trend line that has essentially operated as a ceiling. Bonds in Australia and New Zealand have plummeted. The yen fell to a six-year low after the Bank of Japan announced it will buy an unlimited amount of 10-year bonds at a fixed rate to keep yields in check.
