Zürcher Nachrichten - World stocks shrug off rate, inflation concerns

EUR -
AED 3.879454
AFN 71.766172
ALL 98.446538
AMD 408.727287
ANG 1.903424
AOA 962.189651
ARS 1055.136057
AUD 1.630409
AWG 1.901181
AZN 1.789518
BAM 1.961728
BBD 2.132343
BDT 126.201335
BGN 1.9588
BHD 0.398064
BIF 3118.741826
BMD 1.056211
BND 1.421281
BOB 7.297188
BRL 6.105428
BSD 1.056091
BTN 89.136639
BWP 14.496666
BYN 3.456143
BYR 20701.745225
BZD 2.128773
CAD 1.480962
CDF 3026.046048
CHF 0.937129
CLF 0.037557
CLP 1036.439301
CNY 7.636301
CNH 7.645963
COP 4727.78219
CRC 539.429963
CUC 1.056211
CUP 27.989605
CVE 110.599191
CZK 25.276513
DJF 188.054673
DKK 7.458575
DOP 63.873001
DZD 141.196108
EGP 52.131744
ERN 15.843172
ETB 130.910644
FJD 2.402194
FKP 0.833686
GBP 0.831777
GEL 2.883565
GGP 0.833686
GHS 16.976135
GIP 0.833686
GMD 74.991397
GNF 9102.504493
GTQ 8.155953
GYD 220.943428
HKD 8.217753
HNL 26.666577
HRK 7.53423
HTG 138.767993
HUF 406.15981
IDR 16809.289017
ILS 3.948874
IMP 0.833686
INR 89.180057
IQD 1383.48038
IRR 44458.579959
ISK 146.095547
JEP 0.833686
JMD 167.185173
JOD 0.748958
JPY 164.521312
KES 136.515348
KGS 91.231852
KHR 4289.881246
KMF 492.563931
KPW 950.589942
KRW 1479.650439
KWD 0.32489
KYD 0.880043
KZT 523.582077
LAK 23200.543009
LBP 94573.658376
LKR 308.542304
LRD 194.845062
LSL 19.330811
LTL 3.118718
LVL 0.638891
LYD 5.158587
MAD 10.547972
MDL 19.130443
MGA 4948.044906
MKD 61.515768
MMK 3430.533723
MNT 3589.00659
MOP 8.466021
MRU 41.984863
MUR 49.842827
MVR 16.318166
MWK 1831.198548
MXN 21.74186
MYR 4.732353
MZN 67.489547
NAD 19.330811
NGN 1774.287045
NIO 38.86892
NOK 11.740652
NPR 142.624361
NZD 1.797365
OMR 0.406676
PAB 1.056111
PEN 4.024312
PGK 4.184644
PHP 62.056118
PKR 293.325825
PLN 4.325535
PYG 8247.922253
QAR 3.849933
RON 4.976236
RSD 117.044056
RUB 105.092045
RWF 1449.953783
SAR 3.967208
SBD 8.854807
SCR 14.362927
SDG 635.317643
SEK 11.596225
SGD 1.417832
SHP 0.833686
SLE 24.097471
SLL 22148.231865
SOS 603.523631
SRD 37.343937
STD 21861.445383
SVC 9.240923
SYP 2653.762908
SZL 19.339168
THB 36.814269
TJS 11.257603
TMT 3.707302
TND 3.335479
TOP 2.473748
TRY 36.27907
TTD 7.170667
TWD 34.391332
TZS 2809.522312
UAH 43.536853
UGX 3875.711004
USD 1.056211
UYU 44.865568
UZS 13525.870313
VES 47.523829
VND 26827.771874
VUV 125.395551
WST 2.94851
XAF 657.932577
XAG 0.034763
XAU 0.000412
XCD 2.854464
XDR 0.795596
XOF 657.976316
XPF 119.331742
YER 263.843317
ZAR 19.268254
ZMK 9507.174232
ZMW 28.963064
ZWL 340.099669
  • SCS

    -0.0350

    13.335

    -0.26%

  • BCC

    -1.6100

    140.94

    -1.14%

  • JRI

    0.0050

    13.245

    +0.04%

  • CMSC

    0.0150

    24.625

    +0.06%

  • BCE

    0.1410

    27.351

    +0.52%

  • RIO

    -0.1650

    60.455

    -0.27%

  • CMSD

    0.0250

    24.755

    +0.1%

  • GSK

    0.1700

    35.28

    +0.48%

  • BTI

    0.2050

    35.625

    +0.58%

  • RYCEF

    -0.1500

    6.96

    -2.16%

  • NGG

    0.5000

    62.62

    +0.8%

  • AZN

    0.6000

    65.89

    +0.91%

  • RBGPF

    -0.9400

    59.25

    -1.59%

  • VOD

    0.0350

    8.785

    +0.4%

  • RELX

    0.2350

    46.355

    +0.51%

  • BP

    0.3390

    28.909

    +1.17%

World stocks shrug off rate, inflation concerns
World stocks shrug off rate, inflation concerns

World stocks shrug off rate, inflation concerns

Global stock markets mostly held their ground on Tuesday as investors shrugged off concerns of higher interest rates in the face of high inflation.

Text size:

In mid-afternoon trading, the main European markets were all in positive territory, taking their lead from gains in Asia earlier, even if, on the other side of the Atlantic, sentiment softened slightly on Wall Street.

The day before, US equities had jumped as Federal Reserve officials sought to play down concerns that the US central bank will embark on an aggressive phase of monetary tightening.

But when trading opened on Tuesday, the Dow eased back into negative territory, while if the tech-heavy NASDAQ was up 1.6 percent.

Stocks have been under pressure as the Federal Reserve has shifted policy and signalled a likely interest rate hike in March. Investors have also been monitoring ongoing tensions in Ukraine and the ebbs and flows of Covid-19.

"Good news is that some Federal Reserve officials are finally out trying to soothe investors' nerves, saying that they still want to avoid unnecessarily disrupting the US economy," said Swissquote analyst, Ipek Ozkardeskaya.

"The S&P 500 (on Wall Street) finished January with a strong two-day rally, but the index is still more than five percent lower than where it kicked off the year, having recorded its worst month since March 2020."

Oil prices dipped again as the world's top crude-producing countries prepare to meet Wednesday to discuss a further increase in output.

- Rate decisions -

On Tuesday, Sydney shares ended in positive territory as the Australian central bank decided against raising interest rates to battle inflation, instead just announcing the end to its bond-buying stimulus from next week.

Traders are now awaiting policy decisions by the Bank of England and European Central Bank due Thursday, the eve of key US jobs data.

The surge on Wall Street on Monday came at the end of a volatile month characterised by speculation over the Fed's plans to get a grip on runaway prices, with fears that it could raise US borrowing costs as many as seven times this year, starting with a 50-basis-point move in March.

Comments from some leading Fed officials at the weekend added to expectations the policy board would go hard and fast, though some were out on Monday trying to play down such a move.

The Nasdaq closed up more than three percent Monday, paring losses for January to nine percent, having at one point been down almost 15 percent during the month.

Business was thin across Asia Tuesday owing to the Chinese New Year break that saw Hong Kong, Shanghai, Singapore, Seoul, Taipei, Manila and Jakarta closed.

"Investors should not lose sight of the fact that the economy remains strong, which should limit downside from current levels," said And Solita Marcelli at UBS Global Wealth Management.

- Key figures around 1450 GMT -

New York - Dow: DOWN 0.1 percent at 35,063.78 points

London - FTSE 100: UP 0.9 percent at 7,529.34

Frankfurt - DAX: UP 1.2 percent at 15,663.63

Paris - CAC 40: UP 1.5 percent at 7,102.57

EURO STOXX 50: UP 1.3 percent at 4,229.84

Tokyo - Nikkei 225: UP 0.3 percent at 27,078.48 (close)

Hong Kong - Hang Seng Index: Closed for a holiday

Shanghai - Composite: Closed for a holiday

Euro/dollar: UP at $1.1271 from $1.1235 late Monday

Pound/dollar: UP at $1.3511 from $1.3445

Euro/pound: DOWN at 83.43 pence from 83.54 pence

Dollar/yen: DOWN at 114.68 yen from 115.13 yen

Brent North Sea crude: DOWN 1.0 percent at $88.36 per barrel

West Texas Intermediate: DOWN 1.0 percent at $87.29 per barrel

U.Ammann--NZN