: Consensus price targets increased by 2.1 per cent on average across the real estate investment trust sector through the recently concluded reporting season.Five members of the US House Judiciary Committee have asked the US Department Of Justice to investigate Amazon for “potentially criminal conduct” by the company and some of its senior executives.
The German DAX, which has suffered the most among regional indexes due to the companies’ exposure to Russian energy supplies, marked its biggest percentage gain since March 2020.Euro zone banks rallied almost 10 per cent, but still remain down 13 per cent for the year amid uncertainty about the European Central Bank’s policy tightening plans as well as an economic hit from the Ukraine crisis.
China’s blue-chip CSI300 index ended 0.9 per cent lower at 4226.35, the lowest close since June 30, 2020, after falling as much as 4.6 per cent in the afternoon trade. The Shanghai Composite index was down 1.1 per cent at 3256.39.Shares of companies exposed to Tsingshan Holding Group, the Chinese nickel producer squeezed by the surge in the metal’s prices, tumbled with Zhejiang Huayou Cobalt slumping nearly 10 per cent.
The Treasury yield curve has collapsed to near inversion -- a situation when short-term rates exceed those with longer tenors, which has often preceded a downturn.