Alphachain Academy

News Recap: Mixed sentiment across markets with US stocks higher despite rising Treasury yields as the market gets ready for rates to lift off

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Watch Head of Trading Academy, Gavin Pannu run through current market themes covering the following topics:

*Geopolitical Risk

*Microeconomic data

*Political Risk at the current moment

and more!

Market Trading Analysis

Mixed sentiment across markets this Monday with US stocks higher despite rising Treasury yields as the market gets ready for rates to lift off, while stocks in China and Hong Kong have fallen further as the rout in Chinese technology shares continue and after China placed the 17.5 million residents of Shenzhen into lockdown for at least a week. Commodities led by oil trade softer as talks between Ukraine and Moscow show signs of becoming more substantive, prompting some cautious optimism.

APAC stocks were mixed as participants digested varied geopolitical headlines. China was pressured by the lockdown in Shenzhen. Russian and Ukrainian officials on Sunday gave their most upbeat assessments so far on the progress of talks. Russia launched an airstrike on a military base near the Polish border on Sunday. European equity futures are indicative of a firmer open with the Euro Stoxx 50 future up 1.1% after the cash market closed higher by 1.0% on Friday.

DXY extended above 99.00, EUR/USD tested support at 1.09, AUD lags in the G10 FX space. Looking head, highlights include Eurogroup Meeting, Russia-Ukraine talks (8:30GMT/04:30EDT), US-China talks in Rome, Speech from ECB’s Elderson.


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