- As inflationary pressures continued to resonate across markets, equities in the US rose, led by technology and communication services.
- After a drop on Wednesday due to higher-than-expected consumer prices, the S&P 500 gained 0.7% in its second day of gains. After announcing that it will split into two companies, Johnson & Johnson gained. After revealing production delays, and Lordstown Motors' stock dropped. The value of treasuries has dropped.
-While global stocks have experienced their first weekly loss since early October, their losses pale in comparison to the bond market's gyrations. Following a strong corporate results season, stocks have remained near all-time highs. Bond traders, on the other hand, are concerned that rising inflation would lead to tighter monetary policy. Consumer confidence in the US has slipped to a 10-year low.
- After a US trade holiday on Thursday, Treasury rates climbed on Friday, with the 30-year bond gaining 4 basis points. Meanwhile, a measure of the yield curve in the United States has flattened to its lowest level since March 2020.
- Stocks in Europe rose, led by luxury consumer companies, while shares in Asia rose, aided by a rally in Japan.
- The dollar declined as a result of the US' warning that Russia may be contemplating an invasion of Ukraine.
- Oil and Bitcoin slipped. Gold erased previous losses.
