- Investors evaluated fears about tightening monetary policy and geopolitical tension against upbeat profit reports, sending US share futures down and leaving equities mixed on Tuesday.
- International Business Machines rose in premarket trade after reporting its strongest sales increase in ten years, reversing previous losses on the s&p 500 and the Nasdaq 100. European markets have recovered from their lowest point since June 2020, helped by an earnings report by telecom company Ericsson. As Japan's Topix began a correction, and China's CSI 300 approached a bear market, Asian stocks fell.
- The CBOE volatility index (VIX), increased for a sixth session after briefly rising intraday to its highest level since October 2020 on Monday. The yield on 10-year treasuries increased as the dollar soared.
- Markets are jittery ahead of a major Federal Reserve meeting on Wednesday, with tensions between the US and Russia over Ukraine also weighing on sentiments. On Monday, global equities lost about $3 trillion, with the S&P 500 down more than 10% from a record high, until a spectacular turnaround saw key US benchmarks close the day in the green.
- ECB’s Lane: Omicron is not a factor that will influence activity levels for the year.
- BoJ's Governor Kuroda: Japan is still a long way from achieving 2% inflation.
- China's MOFCOM: China anticipates a bleak foreign trade situation in 2022.
