Daily Morning Note | January 07, 2022

Asian stocks looked set for gains Friday after their U.S. peers steadied as investors mulled the Federal Reserve’s latest signal it will move aggressively if inflation remains elevated. Treasuries extended a decline. Futures pointed higher in Japan and shares climbed in Australia following Thursday’s selloff. U.S. futures saw modest gains. The S&P 500 closed little changed after attempting to rebound from a near 2% drop Wednesday sparked by Fed meeting minutes that suggested the central bank is ready to raise rates sooner and higher than previously expected. Treasury yields continued to climb, although the velocity of their ascent eased with the 10-year rate near 1.73%. The dollar was slightly stronger, while oil climbed to a seven-week high on supply constraints. The yen held overnight gains and the yuan retreated. Gold fell and Bitcoin remained under pressure.

#PhillipCapital #ServingYousince1975 #YourPartnerinFinance #FinTech #PITCH