Daily Morning Note | January 31, 2022
Asian stocks were mixed and U.S. equity futures slipped Monday after a Federal Reserve official flagged the possibility of sharper interest-rate increases and Chinese data signaled slower economic growth.
Shares rose in Japan and fluctuated in Australia, while S&P 500 and Nasdaq 100 contracts edged lower. China and South Korea are shut for the Lunar New Year holiday. Hong Kong’s session is truncated.
The Fed’s hawkish pivot to fight inflation and an uneven corporate earnings season have contributed to intense volatility. U.S. stocks last week saw three of the biggest intraday reversals of the…
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