- In the pre-market, US stocks fell on average around 0.57%.
- Conflict in Ukraine and future monetary adjustment remain among the main concerns.
- Metals up, dollar down.
European markets are mixed, while Wall street futures are negative. The S&P 500 loses 0.50%, the S&P 500 0.59% and the Nasdaq 0.75%. The uncertainty around Russia and Ukraine and the expectation of monetary tightening weigh on the mood of the markets.
The conflict between Russia and Ukraine continues to be a relevant topic, with crossed news headlines. The withdrawal of some Russian troops that had generated relief is being denied by US authorities. Russia denied increasing troops. Tensions remain in the region and continue to be a source of uncertainty.
Oil prices fall more than 2%, with WTI futures trading in the $90.00 zone, still close to the maximum in years reached recently. Opposite story shows gold, which rose hours ago to $1893, the highest in eight months.
the market of Treasury bond stay in focus for these hours, cWith the 10-year rate at 2.03%, after falling hours ago to 1.96%. Yields remain near the highest in years. The minutes of the Federal Reserve known on Wednesday marked no surprises and had a limited impact. It did not change expectations of a rate hike for March, nor did it decrease or increase the possibility associated with a 50 basis point increase.
The dollar shows moderate weakness on Thursday. In the G10, the yen and the kiwi stand out. The latter advances on expectations of a possible hike of 50 basis points by the Reserve Bank of New Zealand next week. The DXY rises 0.05% mainly due to the fall of the EUR/USD.
Regarding the economic calendar for Thursday, the report on unemployment benefit requests, the Philly Fed, housing starts and construction permits stand out. James Bullard, the president of the St. Louis Fed, and Loretta Mester of the Cleveland Fed will speak in public.
Regarding the presentation of results, today is the turn of Walmart, Nestlé, John Deere and Sika, among others.
Source: Fx Street
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