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- The price of US equity futures remained stable on Tuesday as traders analyzed inflationary pressures from rising oil prices and hints of increased regulatory scrutiny from China.
- futures on the S&P 500 and NASDAQ 100 recovered from an earlier loss and the European stock gauge followed to trade little changed. in Asia, the mood was soured by news that China is broadening its clampdown to banks, halting the MSCI's Asia-pacific index’s three-day climb.
- Oil's rally stalled near $80 a barrel, assisting in the stabilization of other assets and bolstering stock-market bulls. Benchmark Treasury yields declined two basis points to under 1.6%, with European government bonds mirroring the move.
- "We foresee just a moderate impact on growth and inflation from the current spike in energy costs," says Mark Haefele, Chief Investment Officer at UBS Global wealth management. Despite concerns about growth and inflation, he sees additional upside in global equities.
