US stocks and bonds have plummeted as traders weigh in on possible Federal Reserve comments and possible bans on Russian coal by the European Union, ending a global dispute over Moscow's invasion of Ukraine.
The S&P 500 has declined, led by technical losses and consumer preferences, while Treasuries withdrew amid deep concern about inflation and policy reactions. Federal Reserve Governor Lael Brainard has said the Central Bank of the United States will continue to tighten its policy in order and reduce its balance as soon as possible in May.
Treasury's 10-year yield has risen on the third day to a three-year high, with the residual interest in distorted yields likely to reflect a recession, if the Fed tightens its grip on inflation.
The Stoxx Europe 600 index was unchanged and bond yields across Europe increased as the report showed the input costs of French accelerated service companies. The future of coal in Europe has risen sharply in three weeks. At the same time, crude oil has restored little profit as the EU is said to be backing sanctions on Russian oil and gas for now.
Market movements continue to be shaped by the effects of the Ukrainian war and to tighten monetary policy as the cost of immature items adds to inflation. The EU plans to propose to abolish forced labor in the sale of coal from Russia in a straightforward manner in a report that Moscow's military has committed an apparent war crimes in Ukraine.
Earlier, the US suspended dollar bills from Russian government accounts in US financial institutions, forcing the country to choose between withdrawing a dollar, using its new currency, or making a mistake, according to people familiar with the matter.
Next, traders will be looking for minutes on Wednesday from a recent Federal Reserve meeting to direct expectations of how fast the bank plans to raise prices and reduce bond bonds.
"The Fed is as clear as what we can expect from them," said Liz Young, head of SoFi's investment strategy, on Bloomberg TV. “They did exactly what we expected for the first time in March and now they are much clearer about 50 in May. So as we look to May, stocks can find what they expect in the line of what we can see. ”
- Where is the next dollar? How will the structure of FX reserves change? Those are the themes of this week's MLIV study. Please click here to participate.
Important events to watch this week:
- Federal Reserve minutes Wednesday
- China Caixin is a combination of PMI services on Wednesday
- EIA crude oil inventory report Wednesday
- Philadelphia Fed President Patrick Harker speaks Wednesday
- James Bullard of St. Louis Fed, Raphael Bostic of Atlanta Fed, Charles Evans of Chicago Fed speak at various events Thursday
- Decision of the State Bank of India on Friday
- Some of the key steps in the market:
Stocks
- The S&P 500 fell 0.4% from 10:51 am New York time
- Nasdaq 100 decreased by 1.4%
- The Dow Jones Industrial Average had changed slightly
Currencies
Bonds
Commodities
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Courtesy Grizler.com