Global markets are starting the new week with concerns about inflation, interest rate hikes and the Ukraine war.
With the effect of the strong employment data announced in the USA on the last trading day of last week, the expectation that the Fed would continue to increase interest rates was supported and the volatility in the markets continued to increase. While the S&P 500 index fell to its lowest level in nearly a year, it carried its continuous losses to the fifth week. This was the longest series of declines since June 2011.
While the Nasdaq 100 index ended Friday with a loss of 1.22 percent, the US 10-year bond yield exceeded 3 percent last week and the dollar appreciated.
U.S. futures indices fell close to 1%. Asian stock markets are also negative. MSCI Asia Pacific index
down 1.52 percent. Hong Kong markets are on Buddha's birthday and the Philippines markets are on holiday because of the elections.
The price of a barrel of US crude oil rose above $113 for a while after G-7 leaders promised to ban Russian oil imports.
The US 10-year bond yield rose to 3.1544 percent, its highest level since November 2018. Bloomberg Dollar Index, which completed 5 consecutive weeks with an increase, climbed 0.45 percent.
It's at the 1,254 level.
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