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Asian stocks, dollar steady as investors focus on Fed policy

Tuesday, January 11, 2022
Asian stocks, dollar steady as investors focus on Fed policy © Reuters. FILE PHOTO: Pedestrians wearing face masks walk near an overpass with an electronic board showing stock information, following an outbreak of the coronavirus disease (COVID-19), at Lujiazui financial district in Shanghai, China March 17, 2020. REUTERS/Aly

By Anshuman Daga

SINGAPORE (Reuters) - Asian equities and the dollar struggled to find direction on Tuesday, with attention squarely on the timing and pace of U.S. monetary policy normalisation, but investors took some comfort from a late rebound in U.S. stock markets.

Federal Reserve Chair Jerome Powell appears before the Senate Banking Committee on Tuesday for consideration to a second four-year term as head of the Fed, followed by a hearing with vice chair nominee Lael Brainard on Thursday.

The fast spread of the Omicron variant of the coronavirus is also weighing on markets as U.S. hospitalisations due to COVID-19 reached a record high on Monday.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped as much as 0.3% before trading steady.

The Nikkei index fell 1.3% as trading resumed after a holiday on Monday. Australian stocks shed 0.8%, Taiwan lost 0.4% and Seoul lost 0.3%.

Hong Kong ticked 0.1% higher and China's 300 index nudged up.

U.S. December consumer inflation data is due to be released on Wednesday, with headline CPI seen coming in at a red-hot 7% on a year-on-year basis, boosting the case for interest rates to rise sooner rather than later.

But Hou Wey Fook, chief investment officer at DBS Bank, said he did not think inflation was in a "runaway situation".

"There are a lot of shorter term drivers like the global supply chain and economies re-opening," said Hou.

"Once we have some normalisation of those things, inflation should kind of come back down to more reasonable levels and the Fed will probably not be too aggressive," he said.

The Fed in December flagged plans to tighten policy faster than expected in response, with a rate hike perhaps as soon as March.

But that was before it became clear just how fast the Omicron variant would spread, with this week's hearings the first opportunity for Powell and Brainard to say how the current outbreak of the disease have influenced their outlook.

Some of Wall Street's biggest banks now expect four U.S. interest rate increases this year starting in March, a more aggressive call than a week ago.

Asian equities have fared relatively better so far this year. MSCI's key benchmark has held steady, with gains seen in Indian and Hong Kong stocks, while Japanese and Chinese markets dipped.

U.S. shares had a bruising first week of the year when the Fed signalled that it would tighten policy faster to tackle inflation and then data showed a strong U.S. labor market, unnerving investors who had pushed equities to record highs over the holiday period.

On Monday, the Dow Jones Industrial Average shed 0.45%, and the S&P 500 lost 0.14%.

Technology stocks led the falls early in the day but recovered to leave the Nasdaq Composite up 0.05%.

On Tuesday, the dollar index, which measures the currency against six counterparts, hovered around 95.912.

It hit a more than 16-month high of 96.938 on Nov. 24 amid increasing hawkishness from Fed policymakers, but has since been stuck between that level and 95.544, touched less than a week later.

Yields on 10-year U.S. Treasury notes hit a high of 1.8080% in U.S. trading, levels last seen in January 2020, having shot up 25 basis points last week in their biggest move since late 2019. The yield later retreated to 1.7568%.

Oil prices rose on Tuesday after two days of losses. Brent crude futures rose 0.3% to $81.1 a barrel after dropping 1% in the previous session.

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17-01-2022 20:13:20 (UTC+7)

EUR/USD

1.1417

+0.0010 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (3)

EUR/USD

1.1417

+0.0010 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (3)

GBP/USD

1.3656

+0.0010 (+0.08%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (0)

Sell (6)

USD/JPY

114.51

-0.09 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

AUD/USD

0.7217

+0.0007 (+0.10%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (0)

Sell (7)

USD/CAD

1.2505

-0.0014 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (7)

Sell (0)

EUR/JPY

130.74

+0.03 (+0.02%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (8)

EUR/CHF

1.0428

+0.0004 (+0.04%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (2)

Sell (3)

Gold Futures

1,819.05

+2.55 (+0.14%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

Silver Futures

23.038

-0.002 (-0.01%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (1)

Sell (10)

Copper Futures

4.4268

-0.0062 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Crude Oil WTI Futures

83.72

-0.06 (-0.07%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (5)

Brent Oil Futures

86.52

-0.04 (-0.05%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

Natural Gas Futures

4.268

+0.014 (+0.33%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

US Coffee C Futures

239.65

+2.65 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

4,302.14

+29.95 (+0.70%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

S&P 500

4,662.85

+3.82 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (2)

DAX

15,933.72

+50.48 (+0.32%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

FTSE 100

7,611.23

+68.28 (+0.91%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (2)

Hang Seng

24,218.03

-165.29 (-0.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,161.55

+0.07 (+0.00%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (2)

IBEX 35

8,838.70

+32.10 (+0.36%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

BASF SE NA O.N.

68.140

+0.030 (+0.04%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (3)

Bayer AG NA

52.82

+0.23 (+0.44%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Allianz SE VNA O.N.

227.05

+0.05 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

Adidas AG

252.65

+0.30 (+0.12%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (10)

Sell (0)

Deutsche Lufthansa AG

7.241

0.000 (0.00%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (11)

Siemens AG Class N

146.00

+0.14 (+0.10%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

Deutsche Bank AG

12.018

+0.064 (+0.54%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (1)

 EUR/USD1.1417↑ Buy
 GBP/USD1.3656Neutral
 USD/JPY114.51↑ Sell
 AUD/USD0.7217Neutral
 USD/CAD1.2505↑ Sell
 EUR/JPY130.74Sell
 EUR/CHF1.0428Neutral
 Gold1,819.05↑ Buy
 Silver23.038Neutral
 Copper4.4268↑ Sell
 Crude Oil WTI83.72Sell
 Brent Oil86.52↑ Sell
 Natural Gas4.268↑ Buy
 US Coffee C239.65↑ Buy
 Euro Stoxx 504,302.14↑ Sell
 S&P 5004,662.85↑ Buy
 DAX15,933.72↑ Sell
 FTSE 1007,611.23↑ Buy
 Hang Seng24,218.03↑ Buy
 Small Cap 20002,161.55↑ Buy
 IBEX 358,838.70↑ Sell
 BASF68.140Neutral
 Bayer52.82↑ Buy
 Allianz227.05↑ Buy
 Adidas252.65↑ Buy
 Lufthansa7.241↑ Sell
 Siemens AG146.00Neutral
 Deutsche Bank AG12.018↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,120/ 6,160
(0/ 0) # 1,150
SJC HCM6,110/ 6,170
(0/ 0) # 1,160
SJC Hanoi6,110/ 6,172
(0/ 0) # 1,162
SJC Danang6,110/ 6,172
(0/ 0) # 1,162
SJC Nhatrang6,110/ 6,172
(0/ 0) # 1,162
SJC Cantho6,110/ 6,172
(0/ 0) # 1,162
Cập nhật 17-01-2022 20:13:23
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Sản phẩmVùng 1Vùng 2
RON 95-IV2400024480
RON 95-II,III2390024370
E5 RON 92-II2291023360
DO 0.05S1838018740
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Dầu hỏa1719017530
ↂ Giá dầu thô thế giới
WTI$83.68-0.03-0.04%
Brent$85.99+0.10.11%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.540,0022.850,00
EUR25.234,8826.649,42
GBP30.246,4531.537,99
JPY192,66203,94
KRW16,5020,10
Cập nhật lúc 08:08:57 18/01/2022
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