As trading operations will continue in the Nordic markets, there is a risk of monetary and reputational damage to Citi. Currently, Citigroup is in talks with regulators and exchanges about the incident.
NASDAQ futures, as well as futures of other US leading indexes fell after discouraging earnings reports from tech companies.
European markets opened 1.3% lower at the beginning of the week as investors continue to monitor developments around the war in Ukraine.
The Fed plan to reduce its balance sheet and raise interest rates is already impacting European stocks, with several indexes set to decline.
The US stock market tries to remain upbeat as fears of recession once again take the center stage. All eyes on the FOMC meeting ahead this week on Wednesday.
Both Bitcoin and the S&P 500 seem to have some correlation, very apparent as 2022’s first quarter concludes with both closing down.
The US stock market also tumbled and backpedaled on its winning streak on account of the inversion of the 5-year and 30-year Treasury yields earlier this week for the first time in about 6 years.
After the announcement of the Q4 performance, the Hang Seng Tech index rebounded from losses, gaining 3.05%.
While the outlook of the US market is impressive, fears of impending economic slowdown still abound and this will guide investors in choosing their investment strategies appropriately moving forward.
The US stock indices registered strong gains last week with the Nasdaq gaining the most as tech and growth stocks seeing a strong bounceback. The market seems to have already priced the Fed hikes beforehand.
The plunge in the market is a normal reaction from investors who seek out safety amidst the uncertainty.
Russia remains the major supplier of oil and gas to Europe, and while many EU leaders have imposed sanctions on Russia, there is no guarantee that many will want to boycott the Russian crude oil products.
Bitcoin over the years has been tagged as a hedge against inflation and as such, many market experts expected a major boost in price as Russia’s invasion of Ukraine has sent crude oil to its highest price since 2008.
US stock futures have fallen again after staging a remarkable comeback following the ongoing showdown between Russia and Ukraine.
World leaders are notably calculating the right responses to the ongoing attack on Ukraine. While sanctions have been announced, it has done nothing to deter Putin from proceeding with the attack which has been a major concern for the past few weeks.