Stock markets sank (Nasdaq lost 2.6%), Financials and Pharma companies led the slide, USD firmer supported by high Yields - 10-yr 1.85%, German 10-yr to May 2019 highs - Inflation in UK & Germany hits 30-yr highs. Oil higher again, Gold continues to gyrate.
USD (USDIndex 95.65) holds on to gains.
US Yields 10-yr moved higher - closed at 1.865% & trades at 1.883%.
Equities - USA500 -85 (-1.84%) 4577 (GS -6.97%, BAC -3.44%, FB -4.0%) - USA500 FUTS lower again at 4539.
USOil – Spiked over $87.00 on very tight supply, continued unsettled sentiment.
Gold - holds at $1812 from a test of $1820 & spike to $1806. Bitcoin tested to $42,400, back to 41,200 now.FX markets - EURUSD back to 1.1336, USDJPY 114.40 from test of 115.00, Cable back to 1.3600 from 1.3570.
Today – Canadian CPI, IEA OMR, US Building Permits, Housing Starts. Earnings from BOA, MS, UnitedHealth.
Biggest FX Mover @ (07:30 GMT) NZDCAD (+0.35%) Rallied from 3-day decline to 0.8455 to 0.8495 now. MAs aligned higher.
