Global Markets are Waiting US Inflation Data
Burc Oran
February 10, 2022
Asian stocks fell

In global markets, all attention was turned to the US January inflation data.

While global markets are waiting for the inflation data to be announced in the USA, US futures indices are negative, Asian stocks are mixed, dollar is up, gold is strong.

On the previous trading day, Wall Street indices showed strong closings. The S&P 500 rose 1.45 percent, and the Nasdaq 100 rose 2.10 percent. After strong balance sheet announcements, Uber Technologies Inc. and Walt Disney Co. stocks started to climb in the futures. Hong Kong Hang Seng and China CSI 300 are down.

While strong demand came to the 10-year bond auction held in the US on Wednesday, yields fell. The US 10-year Treasury yield fell two basis points to 1.94 percent yesterday.

On the other hand, gold rose to its highest level in 2 weeks yesterday, amid concerns about US inflation data and geopolitical risks focused on Ukraine.

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