Friday 14th January 2022 : Asian markets end the week on a red note

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Global Markets:

  • Asian Stock Markets : Nikkei down 1.28%, Shanghai Composite down 0.96%, Hang Seng down 0.36%, ASX down 1.08%
  • Commodities : Gold at $1826.40 (+0.27%), Silver at $23.19 (+0.13%), Brent Oil at $84.82 (+0.41%), WTI Oil at $82.22 (+0.12%)
  • Rates : US 10-year yield at 1.724, UK 10-year yield at 1.110, Germany 10-year yield at -0.098

News & Data:

  • (USD) 30-y Bond Auction 2.08|2.4 vs 1.90|2.2 previous
  • (USD) Unemployment Claims 230K vs 199K expected
  • (USD) Core PPI m/m 0.50% vs 0.50% expected
  • (USD) PPI m/m 0.20% vs 0.40% expected

Markets Update:

Asian stock markets are mostly lower on Friday, following the broadly negative cues overnight from Wall Street, with energy and technology stocks primarily dragging the markets to the downside. Traders remain worried and cautious amid the rapid spread of the coronavirus Omicron variant in most countries and the likely economic impact of the related curbs.

Mainland Chinese stocks struggled for direction as the Shanghai composite declined 1%, while the Shenzhen component traded flat. The Japanese stock market is trading sharply lower on Friday, following the broadly negative cues overnight from Wall Street, with weakness across most sectors, particularly technology stocks. Australia’s ASX 200 dipped 1.1%, with bank stocks falling.

Crude oil prices gave ground on Thursday as investors cashed in on recent gains that led to a two-month closing high. The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 94.648, continuing its slide since beginning of the week.

Upcoming Events:

  • 01:30 PM GMT – (EUR) ECB President Lagarde Speaks
  • 01:30 PM GMT – (USD) Core Retail Sales m/m
  • 01:30 PM GMT – (USD) Retail Sales m/m
  • 02:15 PM GMT – (USD) Industrial Production m/m
  • 03:00 PM GMT – (USD) Prelim UoM Consumer Sentiment