- Concerns that central banks may have to hike rates sooner than expected pushed Treasury yields up, and Nasdaq 100 index futures & global stock markets down.
- Treasuries plummeted throughout the curve, with two-year and 10-year yields reaching highs not seen since the pandemic gripped markets. For the first time since early 2019, benchmark rates on German debt were on the cusp of turning positive in Europe.
- When the market reopens after the holiday, US stocks are expected to fall, with Nasdaq futures down nearly 2% and technology companies down in premarket trade. In Europe, technology companies led the decline, while energy stocks varied and Saudi stocks gained.
- Brent oil has risen to its highest level in seven years, highlighting the Federal Reserve's inflation issue. Concerns about the omicron virus strain's influence on demand are lessening, with reducing inventories and geopolitical threats all adding to projections of $100 per barrel crude by the end of the year.
- Japan's PM Kishida: I intend to declare a quasi-state of emergency in specific regions from January 21 to February 13.
- FCA: European enterprises intending to stay in the temporary permits framework must fulfill the FCA's requirements in order to continue operating in the UK.
- ZEW: The majority of financial market professionals believe that economic growth would accelerate in the next six months.
- BoA Survey: Investors believe inflation will peak, with a net 48: predicting a lower CPI, the highest level since February 2009.
- BoJ's Governor Kuroda: Not discussing rate rises now.
