Daily Morning Note | January 06, 2022
Stocks in Asia are set to open weaker after a selloff in U.S. technology shares and Treasuries accelerated once Federal Reserve minutes signaled interest-rate hikes may be more aggressive than many had expected. Australian equities slipped at the open, while Japan futures fell. U.S. contracts dropped after the Nasdaq 100 tumbled the most since March as rising Treasury yields added to concerns over growth and profitability. The S&P 500 retreated as traders increased bets U.S. rates will increase at least three times this year. The yield on the U.S. 10-year note climbed to 1.71%, a level not…
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