Global markets are trying to find direction under the influence of the Omikron variant and Powell’s statements about inflation and the withdrawal of incentives.

The amount of the stock market fluctuation on Tuesday rose as a result of the Fed’s tightening signal, but the recovery attempt was visible today.

While Powell’s statements caused a sharp decline in American stocks on Tuesday, the VIX index, which measures volatility, approached the levels seen in the Omikron panic on Friday with 27.19.

The S&P 500 fell 1.9 percent, and the Nasdaq 100 fell 1.6 percent. The S&P 500 is recovering by 0.7 percent in the futures market and the Nasdaq 100 by 1.1 percent. The three-day selling wave in Asian stocks ends today. MSCI Asia Pacific is up 1 percent. Hong Kong Hang Seng rises as tech stocks recover.

The US 10-year Treasury yield rose four basis points to 1.49 percent. The gap between 5-year and 30-year US bond yields fell to its lowest level since March.

On Tuesday, Fed Chairman Jerome Powell ended the months-long “temporary inflation” rhetoric in his US Senate presentation.