Rise in Global Markets
Burc Oran
February 2, 2022
Global Markets

Risk appetite increased in global markets with the latest statements from Fed officials.

Stock markets are rising with strong company balance sheets, especially Google, and statements from Fed members.

In Asia Pacific, few markets remain open due to the Lunar New Year holiday, while Japanese Topix and Australian S&P/ASX 200 lead the rise. Nasdaq 100 futures are up 1 percent with the effect of Google, while S&P 500 futures are on the rise. The Nasdaq closed 0.8 percent on Tuesday and the S&P 500 0.7 percent.

Bloomberg Dollar Index is slightly negative and carries its loss for the third day. Developing country currencies are showing moderate movements against the dollar.

US 10-year yields are in balance at 1.79 percent after Fed members’ statements.

With the OPEC+ meeting approaching, the price of US crude oil is close to its seven-year peak at $88 per barrel.

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