Wall Street indices tried to recover yesterday but moods deteriorated quickly after launch of the cash trading. S&P 500 dropped 1.10%, Dow Jones moved 0.89%, Nasdaq plunged 1.30% and Russell 2000 finished 1.88%
Weakness could also be spotted on the markets during the Asian session. Nikkei dropped 0.9%, S&P/ASX 200 plunged almost 2.3% and Kospi moved 1% lower. Indices from China dropped
DAX futures point to a lower opening of the European cash session
Rising yields are pressuring risk assets, like equities and cryptocurrencies
Risk-off moods can also be spotted on the FX market with JPY and CHF being top performing major currencies
US Treasury Secretary Yellen said that inflation will ease this year if pandemic gets under control
UK foreign minister warned Russia not to invade Ukraine. Diplomats from Moscow and Washington will meet today in Geneva for talks
Japanese core CPI inflation for December remained unchanged at 0.5% YoY (exp. 0.6% YoY)
Netflix plunged around 20% in the after-hours trading. Company reported disappointing Q4 results and Q1 forecasts, and said that competition in streaming business is growing
Precious metals trade slightly lower. Brent and WTI drop over 1.5%
Cryptocurrencies took a hit overnight with Bitcoin plunging below $40,000 handle
US indices experienced another day of selling yesterday. However, this time it was different as a plunge in tech shares was also accompanied by a plunge in cryptocurrency prices. Bitcoin dropped almost 6% over the past 24 hours while Ethereum moved almost 7% lower.
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