Stocks open mixed as traders eye Fed Hike

Stocks open mixed as traders eye Fed Hike

After a U.S. inflation print intensified calls for interest rates as soon as March, Asia stocks opened mixed Thursday.

Europe Slowly starts to consider treating Covid like the Flu.

None of the U.S. Inflation Hits 39 Year High of 7%, Sets Stage for Fed Hike.

The shares in Australia and South Korea went up, while Japan declined. The S&P 500 and the Nasdaq 100 ended higher Wednesday, and the U.S. futures fluctuated.

A gauge of the dollar was stabilized. It had its worst session since May amid a muted reaction to Treasury yields and as much of the expectations for rate hikes have been priced in. The consumer price index of the U.S. climbed at a faster pace since 1982, in line with forecasts.

Treasuries yields have surged this year on mounting wagers for at least three rate hikes from the Federal Reserve in 2022, and after a weak 10 year note auction. Traders stuck to their bets for a hike in March.

The U.S. inflation was caused by Fed Chair Jerome Powell vowing to contain the worst price pressures in four decades without a major economic recovery from the Pandemic.

Fed St. Louis President James Bullard told the Wall Street Journal that four rate increases may be warranted this year due to high inflation. As soon as March, the Fed Bank of Cleveland President Loretta Mester and Atlanta Fed leader Raphael Bostic backed hiking rates.

The challenges of the economy here are just going to be built on that, according to Shana Sissel, Strategic Wealth Partners chief market strategist, on Bloomberg Television. The economy is going to slow down and there is going to be a lot of volatility in the market. The Fed said that the U.S. economy grew at a modest pace in the final weeks of last year, but businesses expectations for growth have cooled in some places over the next few months, according to the Beige Book survey.

Oil held an advance on signs of tighter supply. The inflation numbers rekindled the debate over whether the coin is a hedge against rising consumer prices.

Here are some key events this week:

No U.S. Senate Banking Committee hearing for Lael Brainard, nominated as Fed vice-chair, took place on Thursday.

On Friday, there were no U.S. business inventories, industrial production, University of Michigan consumer sentiment and retail sales.

For more market analysis, read our MLIV blog.

Some of the biggest moves in markets are:

As of 9: 06 a.m. in Tokyo, the S&P 500 futures were not changed. The S&P 500 rose 0.3%.

Nasdaq's 100 futures were little changed. The Nasdaq 100 went up 0.4%.

The Japanese yen was at 114.68 per dollar.

The offshore currency was trading at 6.3634 per dollar None The yield on 10 year Treasuries was 1.74%

There was no Gold at $1,825. 55 an ounce None How the Democrats could hold onto the House and defeat the Pundits with a House defeat by holding on to the House and Defying the Pundits.

There is no way that Solar Power and Battery Storage Will Be the Real Test for Tesla.

America s Electric Vehicle Selection Is About to Get a Lot Wider, None America s Electric Vehicle Selection

None of China s Crackdown leaves the World's Biggest Gaming Hub on the Brink.