Overnight, all three major Wall Street indices closed downASX futures were up 24 points or 0.4 per cent to 6,694 at 6.25am AEDT.The MSCI global index of stocks was in the red in a volatile session on Monday while the dollar gained slightly as investors braced for economic data and earnings season.
Weighing on investor nerves was a Russian missile attack on Ukraine that killed civilians and knocked out power and heat in cites across the country, in apparent revenge strikes for what President Vladimir Putin described as a "terrorist" attack on Russia's bridge to Crimea. Then Fed Vice Chair Lael Brainard said tighter US monetary policy has begun to be felt in an economy that may be slowing faster than expected, but that the full interest rate increases still won't be apparent for months.
According to preliminary data, the S&P 500 lost 26.80 points, or 0.74 per cent, to end at 3,612.86 points, while the Nasdaq Composite lost 112.62 points, or 1.06 per cent, to 10,539.78. The Dow Jones Industrial Average fell 90.46 points, or 0.31 per cent, to 29,208.82. Four of the biggest US banks are expected to kick off the earnings reporting season on Friday, with large lenders expected to report a decline in profits as the economy slowed and volatile markets put the brakes on dealmaking.
Of course we are going backwards 🤷♀️prices of fuel, food, necessities all rising. Everyone is money gauging to cover their loss from COVID too. No building to generate job 🤦♀️ shares down housing down. They killed our manufacturing, coal,and steel companies, beef,lamb,seafood ded.
The big tip is to buy silver.
ASX to open higher? global stocks fall and our ASX opens higher? someone missed their morning coffee?
🆘 Islamic republic's regime is massacring people in Sanandaj. Hospitals hand over the wounded to the security forces. They have been shooting at the defenseless people of Sanandaj for two days and nights. Be their voice. مهسا_امینی سنندج_در_خون سنندج
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Source: FinancialReview - 🏆 2. / 90 Read more »