The US dollar index fell from a 20-year high as Wall Street shares fell on Friday with the latest economic data from Amazon.com (NASDAQ: AMZN) quarterly disappointing quarterly report and a trend that continues to highlight inflation.
In U.S. financial institutions the 10-year profit rate has closed the biggest monthly profits since December 2009 with an increase near the highest annual levels following economic data.
Shares have also come under pressure after data showed that monthly inflation has risen sharply since 2005 when U.S. consumer spending began. increased beyond March expectations amid strong demand for services. Also, the cost of the first quarter of U.S. workers have risen sharply over the past 21 years, pointing to a sharp rise in wage inflation, which supports the resilience of Federal Reserve policy.
"The main inflation was well-rounded, but that is a small consolation for those earning real money. The Employment Cost Index has risen higher than expected and if you combine that with negative GDP printing, Q1's labor unit costs will increase as production declines." said Brian Jacobsen, a senior investment strategy investor.
Dow Jones Industrial Average fell 389.58 points, or 1.15%, to 33,526.81, the S&P 500 lost 72.51 points, or 1.69%, to 4,214.99 and the Nasdaq Composite fell 221.95 points, or 6 points. , 5 to 9.
The pan-European STOXX 600 index rose 0.73% and the MSCI global stock market lost 0.52%.
On the last trading day of April, the global stock index was on the verge of a sharp monthly decline since March 2020.
Amazon shares fell by more than 12% after the e-commerce giant brought in a quarter and a disappointing view late Thursday as it was full of high costs of managing its storage facilities and delivering packages to customers.
Emerging market shares rose 2.38% however as MSCI's broader index of Asia-Pacific shares outside Japan closed 2.35% higher, while Japan's Nikkei rose 1.75%.
The Russian ruble reached a two-year high against the dollar and the euro on Friday as monetary policy helped tackle higher interest rates than expected and Russia appeared to make a last-ditch effort to avoid payments.
Other currencies in the emerging markets also contributed to the withdrawal of the dollar.
With the dollar dropping from a 20-year high, looking to earn 6-day compensation compared to a basket of coins on Friday, it was still on track to earn its biggest monthly profit in seven years as concerns over the global economy and the Federal Reserve hawk intensified. need for greenback in April. [L2N2WR1KY]
The dollar index fell 0.492%, the euro rose 0.48% to $ 1.0544. The Japanese yen strengthened 0.90% against the greenback at 129.70 per dollar.
"The bottom line is that we have seen the power of the broadly based dollar," said Vassili Serebriakov, a FX strategist at UBS in New York.
Benchmark U.S. 10-year harvest rose higher by 2.981% on April 20, its highest level since December 2018, was on track to register five straight months for profits.
Benchmark 10-year notes finally fell 7/32 in value to produce 2.8889%, up from 2.863% by the end of Thursday. [US /]
Oil prices rose on the fourth day on Friday as fears of a disruption in Russia's supply exceeded the impact of the closure of COVID-19 in China, the world's largest raw consumer. [O / R]
US pollution recently increased by 2.03% to $ 107.50 per barrel and Brent was at $ 110.30, up 2.52% per day.
In Asia, markets have responded positively after a top decision-making body in China's ruling Communist Party said it would take steps to support its economy, including disrupted online forums, as risk increases since its outbreak of COVID-19 and the Russian, Ukrainian war. .
Green Chinese chips and Shanghai shares have closed 2.4%. However they are down by 4.9% and 6.3% respectively per month.
