- Asian equities dipped, while US share futures rose as traders evaluated concerns over the Federal Reserve's tightening of monetary policy. Treasury yields and crude oil prices both rose.
- Japan's stock market fell, Hong Kong's technology stocks fell, and China's market was mixed. However, gains in the S&P 500 and Nasdaq 100 contracts raised hopes of some relief after one of the worst weeks for global stocks since the pandemic began. The dollar remained stable.
- On Wednesday, the Fed is expected to signal a lift-off in interest rates in March and a balance-sheet decrease later this year to help combat inflation. The fading of stimulus is causing a rethinking of the economic and market outlook.
- Among the important questions is how the policy move would affect fixed income. The treasury yield curve flattened, with the 10-year yield reaching 1.78%.
- In the volatile cryptocurrency sector, bruised Bitcoin has stabilised around $36,000 after a three-day drop. Since a November high, digital currency have lost more than $1 trln in value.
