Fear of Covid in Global Markets
Burc Oran
December 29, 2022
Global markets focused on Jackson Hole

The USA and Italy announced some measures for those coming from China due to increasing coronavirus cases.

The increase in coronavirus cases in China and the corresponding measures announced by some countries caused the risk appetite of the markets to decrease in the last trading days of the year.

After the 1 percent losses in Wall Street indices on Wednesday, which brought the S&P 500 to its lowest level in more than a month, US futures indices were flat on the new trading day, pending home sales data announced on Wednesday in the US on Wednesday reached the 6th floor in November. It recorded a monthly dream and was at its second weakest level to date.

European futures and Asian indices are negative. Transaction volumes are pretty low. Australian and New Zealand 10-year bond yields rose.

The US 10-year yield is flat this morning after rising four basis points yesterday. The Japanese yen appreciated as the Bank of Japan made another unscheduled bond purchase.

The Bloomberg Dollar Index rose 0.26% on Wednesday and gave back some of its gains this morning.

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