net_left Kdata adver left

Stocks eye steepest slide since 2020 as central bankers roil markets

Friday, June 17, 2022

By Simon Jessop and Tom Westbrook

LONDON/SINGAPORE (Reuters) - World stocks headed for their worst week since markets' pandemic meltdown in March 2020 as leading central banks doubled down on tighter policy in an effort to tame inflation, setting investors on edge about future economic growth.

The biggest U.S. rate rise since 1994, the first such Swiss move in 15 years, a fifth rise in British rates since December and a move by the European Central Bank to bolster the indebted south all took turns in roiling markets.

The Bank of Japan was the only outlier in a week where money prices rose around the world, sticking with its strategy of pinning 10-year yields near zero on Friday.

After a week of punchy moves across asset classes, world stocks were down 0.2% on Friday to take weekly losses to 5.8% and leave the index on course for the steepest weekly percentage drop in more than two years.

Overnight in Asia, the yen was up 1.8% to 134.55 per dollar in volatile trade, while MSCI's broadest index of Asia-Pacific shares outside Japan fell to a five-week low, dragged by selling in Australia. Japan's Nikkei fell 1.8% and headed for a weekly drop of almost 7%.

S&P 500 futures were up 0.5% and Nasdaq 100 futures rose 1% but they are well underwater on the week. [.N]

“The more aggressive line by central banks adds to headwinds for both economic growth and equities," said Mark Haefele, Chief Investment Officer at UBS Global Wealth Management. "The risks of a recession are rising, while achieving a soft landing for the US economy appears increasingly challenging.”

Data from analysts at Bank of America (NYSE:BAC) showed more than 88% of the stock indexes it tracks are trading below their 50-day and 200-day moving average, leading markets "painfully oversold".

ONE WAY

Bonds and currencies were jittery after a rollercoaster week.

U.S. labour and housing data came in soft on Thursday, on the heels of disappointing retail sales figures, with the worries knocking the dollar and helping Treasuries.

Benchmark U.S. 10-year Treasury yields fell nearly 10 basis points overnight but wobbled higher to 3.2502% during early European trade. Yields rise when prices fall. [US/]

Southern European bond yields dropped sharply on Friday, though, after reports of more detail from ECB President Christine Lagarde over its plans to develop a tool to support yields.

In recent sessions, the dollar pulled back from a 20-year high, but it has not fallen far and was last up 0.3%, on course to end the week steady against a basket of currencies.

Sterling rose 1.4% on Thursday after a 25 basis points rate rise and held gains into Friday as it heads for a steady week. Two-year gilts were last at 2.066%. [GB/]

"If a central bank does not move aggressively, yields and risk price in more in the way of rate hikes down the road," said NatWest Markets' strategist John Briggs.

"Markets may just be continuously adjusting to an outlook for higher global policy rates ... as global central bank policy momentum is all one way."

Growth fears took oil on a brief trip lower before prices steadied. Brent crude futures were last at $120.55 a barrel. Gold was down 0.5% at $1,848 an ounce and bitcoin climbed 3.5% to $21,099.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
04-06-2023 00:56:04 (UTC+7)

EUR/USD

1.0708

-0.0054 (-0.50%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

EUR/USD

1.0708

-0.0054 (-0.50%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

GBP/USD

1.2450

-0.0077 (-0.61%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (1)

USD/JPY

139.97

+1.17 (+0.85%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (3)

AUD/USD

0.6602

+0.0031 (+0.47%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.3428

-0.0021 (-0.16%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

EUR/JPY

149.89

+0.52 (+0.35%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

EUR/CHF

0.9733

-0.0013 (-0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Gold Futures

1,964.30

-31.20 (-1.56%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Silver Futures

23.695

-0.292 (-1.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Copper Futures

3.7310

+0.0200 (+0.54%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Crude Oil WTI Futures

71.87

+1.77 (+2.52%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

Brent Oil Futures

76.40

+2.12 (+2.85%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (2)

Natural Gas Futures

2.177

+0.019 (+0.88%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

US Coffee C Futures

180.60

-2.45 (-1.34%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (9)

Euro Stoxx 50

4,323.52

+65.91 (+1.55%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

S&P 500

4,282.37

+61.35 (+1.45%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

DAX

16,051.23

+197.57 (+1.25%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

FTSE 100

7,607.28

+117.01 (+1.56%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (8)

Hang Seng

18,949.94

+733.03 (+4.02%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

US Small Cap 2000

1,830.91

+62.97 (+3.56%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

IBEX 35

9,317.30

+149.80 (+1.63%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (1)

BASF SE NA O.N.

46.790

+1.940 (+4.33%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

Bayer AG NA

52.61

+0.71 (+1.37%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Allianz SE VNA O.N.

210.15

+5.95 (+2.91%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (8)

Adidas AG

159.52

+8.78 (+5.82%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

Deutsche Lufthansa AG

9.303

+0.146 (+1.59%)

Summary

Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (3)

Siemens AG Class N

159.28

+2.60 (+1.66%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Deutsche Bank AG

9.862

+0.284 (+2.97%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (9)

 EUR/USD1.0708↑ Buy
 GBP/USD1.2450↑ Buy
 USD/JPY139.97Neutral
 AUD/USD0.6602↑ Sell
 USD/CAD1.3428↑ Sell
 EUR/JPY149.89↑ Buy
 EUR/CHF0.9733↑ Buy
 Gold1,964.30↑ Sell
 Silver23.695↑ Sell
 Copper3.7310↑ Buy
 Crude Oil WTI71.87Sell
 Brent Oil76.40↑ Buy
 Natural Gas2.177↑ Sell
 US Coffee C180.60↑ Sell
 Euro Stoxx 504,323.52↑ Buy
 S&P 5004,282.37↑ Sell
 DAX16,051.23↑ Sell
 FTSE 1007,607.28Sell
 Hang Seng18,949.94↑ Buy
 Small Cap 20001,830.91↑ Buy
 IBEX 359,317.30Buy
 BASF46.790↑ Sell
 Bayer52.61↑ Buy
 Allianz210.15Sell
 Adidas159.52Buy
 Lufthansa9.303Buy
 Siemens AG159.28↑ Buy
 Deutsche Bank AG9.862Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,650/ 6,690
(6,650/ 6,690) # 1,061
SJC HCM6,635/ 6,705
(0/ 0) # 1,076
SJC Hanoi6,635/ 6,707
(0/ 0) # 1,078
SJC Danang6,635/ 6,707
(0/ 0) # 1,078
SJC Nhatrang6,635/ 6,707
(0/ 0) # 1,078
SJC Cantho6,635/ 6,707
(0/ 0) # 1,078
Cập nhật 04-06-2023 00:56:07
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,948.20-28.75-1.45%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V22.79023.240
RON 95-III22.01022.450
E5 RON 92-II20.87021.280
DO 0.05S17.94018.290
DO 0,001S-V18.80019.170
Dầu hỏa 2-K17.77018.120
ↂ Giá dầu thô thế giới
WTI$71.91-8.61-0.11%
Brent$76.19-8.44-0.10%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.280,0023.650,00
EUR24.613,3825.991,59
GBP28.653,4729.875,26
JPY164,43174,07
KRW15,4818,86
Cập nhật lúc 18:50:19 03/06/2023
Xem bảng tỷ giá hối đoái
adver main right