- Tuesday saw a fall in stocks across Asia, but demand for sovereign bonds increased. This pattern reflected worries about the outlook for economic growth as central banks raised interest rates to rein in spiraling inflation.
- The Asia-pacific stock index of MSCI fell by around 0.5% due to declines in Hong Kong, China, and Japan. Following a hit to mood from disappointing earnings at chipmaker Nvidia US futures were volatile and European contracts were down.
- Australian debt increased, and treasuries maintained a gain. The anticipation that further aggressive interest rate increases from the Fed could trigger a recession is shown by the inversion of the US yield curve.
- Oil dropped toward $90 per barrel, gold declined, and Bitcoin sank from $24,000 as the dollar remained stable.
