Daily Morning Note | January 12, 2022
Asian stocks looked set to follow a bounce in the U.S. after Federal Reserve Chair Jerome Powell reassured investors the central bank will tackle inflation to extend the economic expansion.
Shares in Australia advanced and futures rose in Japan and Hong Kong.
U.S. contracts fluctuated after the S&P 500 halted a five-day slide and the Nasdaq 100 outperformed. Treasuries also found support after a solid three-year note sale. The yield on the 10-year note dipped, while the curve flattened.
The dollar declined and commodity-linked currencies like the Australian and Canadian dollars climbed…
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