Markets Focused on US Inflation
Burc Oran
August 8, 2022
All attention was turned to the USA in the markets

Global markets focused on the US inflation data that will be released this week.

The higher-than-expected increase in the non-farm payrolls data released on Friday in the US supported the expectation that the Fed will continue its aggressive interest rate hikes.

Wall Street indices and European Stock Exchanges fell on the last trading day of the week on concerns about Fed policies. The S&P 500 lost 0.16 percent, and the Nasdaq 100 fell 0.78 percent. US stock indices are slightly negative on the first day of the new week. Indices are negative in Asia due to Taiwan-China tension. However, the Japanese Nikkei 225 is positive. The US 10-year bond yield, which rose 18 basis points over the past week, fell below 2.82 percent this morning. The Bloomberg Dollar Index is flat at 1,275 this morning, after closing 0.64 percent on Friday after US jobs data.

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