Business Maverick: Stocks Waver as Treasuries Sound Recession Alarm: Markets Wrap

The Dow Jones Industrial Average of blue chips outperformed, while a rally in tech megacaps fizzled out, with losses in heavyweights like Microsoft Corp. and Tesla Inc. weighing on the broader market. The yield on the 10-year US note dropped as much as 12 basis points below the two-year rate, eclipsing the gap reached in early April. So-called inversions of the curve are regarded as a potential harbinger of an economic contraction.

Traders also kept a close eye on the US dollar, which remained at the highest levels since the Covid-19 panic of March 2020. For now, ais keeping the euro from hitting parity with the greenback for the first time in two decades. “In the current environment, dollar strength is a sign of investors’ worries about a global recession since it signals a flight to the relative safety of the world’s reserve currency,” wrote Nicholas Colas, co-founder of DataTrek Research. “Until the dollar starts to weaken, it is difficult to believe the lows are in for US equities in 2022.”

For Peter Boockvar at Bleakley Financial Group, investors will be very much focused on the currency moves and their impact on corporate profits. PepsiCo Inc., one of the first major industry players to report second-quarter earnings, said demand remained robust despite inflation — though it expected headwinds from a strong dollar.

Will the eurozone avoid a recession or a debt crisis? How will the euro and stocks perform in the next six months? Share your views and participate in the latest MLIV Pulse survey. It only takes a minute, so please click

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Business Maverick: Big Tech Sinks Stocks as Clock Ticks on EarningsStocks posted broad-based losses, with traders bracing for a key inflation reading and the start of the earnings season for clues on whether the economy is headed for a recession. The dollar rallied.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

China tech stocks sink as Alibaba, Tencent suffer fresh finesThe Hang Seng Tech Index dropped as much as 3.7%, with Alibaba among the top losers after plunging 6%. Tencent fell a maximum of 3.2%. Moneyweb Tencent China
Herkunft: Moneyweb - 🏆 5. / 77 Weiterlesen »

US equity futures drop with stocks as dollar jumps: markets wrapMost Asian stocks dropped along with US equity futures Monday and the dollar jumped as the risk of more Covid curbs in China exacerbated overarching worries about the global economic outlook. Moneyweb Covid Equity
Herkunft: Moneyweb - 🏆 5. / 77 Weiterlesen »

Asian stocks fall to lowest level in two yearsShares weighed down as risk-off sentiment dominates markets
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Asian stocks at lowest in two years, euro near par with dollar on growth fears - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Asian shares fell on Tuesday, weighed down by the prospect of further monetary policy tightening by central banks, China’s renewed COVID outbreak and Europe’s energy shortage, which also left the euro a whisker from parity with the safe haven dollar.
Herkunft: SABCNews - 🏆 37. / 51 Weiterlesen »

Business Maverick: Recession angst spurs pivot to emerging world’s growth enginesCentral Asia and Asia Pacific are the only two regions in emerging markets handing local-currency bond investors positive returns this month, according to a Bloomberg index. The worst performers are Latin America and Eastern Europe.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »