Fed governor Brainard says bank to shrink balance sheet at rapid pace. Trading in the U.S. stock market and bond markets was down today as investors digested hawkish comments from the Federal Reserve and the European Union’s possible embargo on Russian coal. The impact of the Ukraine conflict and the tightening of monetary policy continue to drive market movements. Raw-material prices are stoking inflation. Meanwhile, Doge perform very well after Musk Twitter take over.
Some of the main moves in markets after the Fed governor Brainard says bank to shrink balance sheet at rapid pace commentary:
Stocks
- The S&P 500 fell 0.7% as of 12:02 p.m. New York time
- The Nasdaq 100 fell 1.8%
- The Dow Jones Industrial Average fell 0.3%
- The Stoxx Europe 600 rose 0.2%
- The MSCI World index fell 0.7%
Currencies
- The Bloomberg Dollar Spot Index rose 0.3%
- The euro fell 0.5% to $1.0920
- The British pound fell 0.1% to $1.3097
- The Japanese yen fell 0.6% to 123.54 per dollar
Cypto
- BTC rose 0.46%
- ETH rose 0.73%
- Doge rose 13%
Bonds
- The yield on 10-year Treasuries advanced 16 basis points to 2.56%
- Germany’s 10-year yield advanced 11 basis points to 0.61%
- Britain’s 10-year yield advanced 11 basis points to 1.65%
Commodities
- West Texas Intermediate crude fell 0.3% to $102.92 a barrel
- Gold futures fell 0.6% to $1,922.50 an ounce
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