- In a break from the strong market volatility prompted by anticipation about aggressive Federal Reserve interest-rate hikes to combat inflation, most Asian stocks rose and US equity futures stabilised.
- Though a number of markets, including China's, are closed for the Lunar New Year holiday, an Asia-pacific stock index gained for the second day. Hong Kong's technology equities have risen, despite the fact that the session has been cut short.
- The dollar remained relatively unchanged, while the Yen declined. The yield curve flattened as treasuries fell. Bond investors are bracing for further volatility as the Federal Reserve and other central banks reduce post-pandemic support.
- Meanwhile, crude oil prices rose, owing to concerns that a Russian invasion of Ukraine could disrupt energy supplies. The price of gold continued to fall. Bitcoin has dropped to roughly $37,000, a 20% loss from the beginning of 2022.
