Global Market Trends (18th Mar., 2022)

March 18, 2022

MAJOR INDEXES

Market report as of 17th Mar., 2022

NAME	LAST	CHG	%CHG
S&P 500	4,411.6700	53.810	1.230
NASDAQ	13,614.780	178.23	1.330
DJIA	34,480.760	417.66	1.230
*FTSE	7,385.340*	93.660	1.280
*NIKKEI	26,827.43*	174.54	0.650
*HSI	21,394.76*	-106.47	-0.50
*SHANGHAI	3,251.070*	36.030	1.120
VIX	26.300000	0.6300	2.450
*DAX	14,388.06*	UNCH	UNCH

S&P 500 MARKET MOVERS

TOP

DVN	Devon Energy Corp	9.645%
OXY	Occidental Petroleum Corp	9.474%
APA	APA Corp (US)	7.001%
MRO	Marathon Oil Corp	6.855%
FANG	Diamondback Energy Inc	6.567%

BOTTOM

SEDG	Solaredge Technologies Inc	5.854%
HPQ	HP Inc	3.686%
AMD	Advanced Micro Devices Inc	3.19%
EPAM	Epam Systems Inc	3.028%
BKNG	Booking Holdings Inc	1.875%

SECURITIES

BONDS

NAME	YIELD	CHG
US 10-YR	2.173	-0.019
US 30-YR	2.462	-0.023
US 5-YR	2.144	-0.025
US 2-YR	1.930	-0.011
US 3-MO	0.398	+0.002
BUND 10-YR	0.379	-0.012
JPN 10-YR	0.206	+0.002
UK 10-YR	1.569	+0.003

FUTURES & COMMODITIES

NAME	LAST	CHG	%CHG
*OIL	105.63	+2.65	+2.573
*NAT GAS	4.831	-0.159	-3.19
*GOLD	1,934.3	-8.9	-0.458
*SILVER	25.43	-0.186	-0.73
*WHEAT	1,084.5	-13.5	-1.23
*COPPER	4.701	-0.001	-0.02

CURRENCIES

NAME	LAST	CHG	%CHG
JPY/USD	0.8410	-0.002	-0.261
USD INDEX	98.160	+0.19	+0.190
USD/JPY	118.88	+0.29	+0.240
GBP/USD	1.3140	-0.000	-0.03
EUR/USD	1.1070	-0.002	-0.162
USD/CAD	1.2610	-0.001	-0.087
AUD/USD	0.7390	+0.001	+0.180

U.S Markets, U.S. dollar remains the safest asset for many reserve asset holders, says Morgan Stanley

Russia stokes fears of first foreign currency default in more than a century as it attempts payment

How much can — and will — China help Russia as its economy crumbles?

U.S. Market, the U.S. dollar remains the safest asset for many reserve asset holders, says Morgan Stanley, as the stocks gained momentum late in the trading session yesterday to close with gains one day after the Federal Reserve announced its first interest rate hike since 2018 and as crude prices rebounded. The Dow Jones Industrial Average rose over 400 points or 1.2% while the S&P 500 and Nasdaq Composite gained 1.2% and 1.3%, respectively.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	34480.76	+417.66	+1.23%
SP500	S&P 500	4411.67	+53.81	+1.23%
I:COMP	NASDAQ COMPOSITE INDEX	13614.781392	+178.23	+1.33%

Commodities, U.S. West Texas Intermediate crude closed higher at $102.98 per barrel, while Brent, the global benchmark, hit $106.64.

Ticker	Security	Last	Change	Change %
USO	UNITED STATES OIL FUND L.P.	73.69	+5.42	+7.94%
BNO	UNITED STS BRENT OIL FD LP UNIT	29.46	+2.42	+8.95%

Gas prices fell a few cents to $4.28 per AAA.

Energy stocks maintained the lead helped by Occidental. Warren Buffett's Berkshire Hathaway bumped up its stake to just under 15%. Utilities, defensive plays, were the weakest performers.

Ticker	Security	Last	Change	Change %
OXY	OCCIDENTAL PETROLEUM CORP.	58.00	+5.02	+9.48%

Tech, Intel announced it will invest $100 million in Ohio to advance semiconductor learning; half will come from the company while the other $50 million will come via a partnership with the U.S. National Science Foundation. Details of the education funding follow the company's January announcement that it's investing $20 billion in semiconductor production in Ohio, an attempt to help alleviate a global shortage of chips powering everything from phones to cars to home appliances. It's the largest private sector investment in Ohio history.

Ticker	Security	Last	Change	Change %
INTC	INTEL CORP.	47.14	+0.51	+1.09%

Labour, the Labor Department reported 214,000 weekly jobless claims were filed, little changed from 227,000 the previous week. Continuing claims, which track the total number of unemployed workers collecting benefits, are edged down to 1.419 million, holding well below pre-pandemic levels.

Housing Data, came in very strong. Homes under construction in February rose 6.8% to a seasonally adjusted annual rate of 1.76 million – that’s up from 1.638 million in January. Permits for future construction slipped by 1.9% to 1.859 million in February.

In cryptocurrencies, Bitcoin held above the $40,000 level.

SPOT MARKET BY THE HOUR AS OF GMT 09;37 03-17-22

European Market, Current trading sentiments are choppy and cautious as investors monitor economic developments. All stocks are negative across the board. London's FTSE decreased by 0.09% to 7,378.81, Germany's DAX 0.07 to 14,398.84 and France's CAC also jumped by 0.41% to 6,585.13.

Asia Market, Asian stocks Current investment sentiments are choppy and uncertainties pervade the atmosphere. Tokyo's Nikkei 225 index climbed by 0.65% to 26,827.43, the Hang Seng in Hong Kong retreated by 0.41% to 21,412.4 while China's Shanghai also dipped by 1.12% to 3,251.07.

Cryptocurrencies, at an intraday range of $40,300 by the hour and a maximum of $40.955.92 in 24 hours.

SOURCE: CNBC
IMAGE SOURCE: PIXABAY
Contributions from Fox Business