Stock markets dropped across the globe on Friday and the dollar leapt to six-week highs as jobs data revived expectations the U.S. central bank would stick to its monetary tightening path.
Stock performance across the Atlantic was also set to follow suit with S&P 500 futures down 0.63%.
"The markets are torn between two instruments. Intra-day stock prices and credit spreads see a lot of volatility and nervousness while there has been no surge in implied volatility options," said Ielpo. At its Jan. 31-Feb. 1 policy meeting, the Fed opted to moderate the pace of interest rate rises, lifting rates by 25 basis points to the 4.50%-4.75% range after a series of jumbo rate increases last year.
"No matter how you cut it, inflation was hot," said Tapas Strickland, head of market economics at National Australia Bank. "The latest data supports the Fed view of needing to continue to raise rates and hold them there higher for longer."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global Temperature Conundrum: Was the Earth Cooling Down or Heating Up Before Global Warming?Accurate climate models play a critical role in climate science and policy, helping to inform policy- and decision-makers throughout the world as they consider ways to slow the deadly effects of a warming planet and to adapt to changes already in progress. To test their accuracy, models are progr
Read more »
Twilio stock jumps 12% after chasing layoffs with first major share-repurchase planTwilio Inc. announced its first major share-repurchase plan Wednesday, two days after revealing the second large round of layoffs at the software company in...
Read more »
Turkey's stock market soars as government steps in after earthquake | CNN BusinessTurkey's stock market soared Wednesday on the first day of trading after a suspension triggered by a devastating earthquake.
Read more »
Roku stock soars after earnings as consumers stream more than expectedConsumers streamed more content than expected through Roku's platform in the fourth quarter, helping to drive a sizable revenue beat despite economic pressure.
Read more »
LNG shipping company CoolCo registers direct stock listing for NYSE debut on March 15Cool Company Ltd. on Tuesday registered securities with U.S. regulators to become a publicly-traded LNG shipping company on the New York Stock Exchange under...
Read more »
STOCK MARKET NEWS: Futures lower, TSMC shares fall, retail sales on tapTaiwan Semiconductor shares fall after Buffett trims stake. Kraft Heinz and Cisco Systems headline earnings reports. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »