- A global equities rise threatened to fade as US markets opened on Monday, as index futures indicated a tumultuous day. Investors are focusing on future earnings as they gain confidence that business performance will be able to withstand Federal Reserve tightening.
- Contracts on the S&P 500 declined 0.2%, while those on the NASDAQ 100 jumped 0.3%. The Stoxx 600 index rose for the fourth time in five days, while a global equity index pared its largest monthly decrease since March 2020. Treasury yields rose but the yield curve flattened as bond markets braced for a series of Fed rate hikes beginning in March.
- As investors reconcile to a hawkish Fed, the expensive parts of the US stock market are undergoing a valuation re-rating along with the bond markets. however, traders do see opportunities in less expensive segments of the global markets, such as European and emerging-market stocks, as well as higher-yielding currencies where rate hikes have already happened. the only thing money managers are certain about for the year is greater volatility.
- An F-15 fighter jet of the Japanese Self-Defense Force went missing shortly after takeoff - NHK citing Defence Ministry
- Kremlin: The potential of UK sanctions is extremely concerning for Russia and its businesses, and amounts to a direct attack on commerce.
- Kremlin: Putin will reply to the US and NATO when he feels it is necessary. No date has been established.
- If critical cases exceed 40%, Osaka will seek COVID emergency.
