Global Market Trend As Of Apr., 8th 2022

Analyst Views
U.S Markets, Trading on the U.S bourse bounced back on Thursday, ending the session in positive territory as investors continue to digest the minutes of last month’s Federal Reserve meeting. The Dow Jones Industrial Average closed 87.06 points higher at 34,583.57, while the S&P 500 and Nasdaq Composite finished up 0.43% and 0.06%, respectively. 

Inflation, policymakers at the central bank signaled that surging inflation and an incredibly tight labor market could warrant a half-point interest rate hike at future meetings. The minutes also reaffirmed Fed Governor Lael Brainard's remarks on Tuesday that the Fed could start to reduce the balance sheet at a "rapid pace" as early as May.

The Fed comments have added to investor unease over the war in Ukraine, coronavirus outbreaks in China and persistently high inflation. 

Treasury Bills, following the release of the Fed minutes, the 10-year Treasury yield spiked above 2.6%. 

Commodities, Russia's invasion of Ukraine has added to those worries, pushing energy and commodity prices higher. Oil is trading at nearly $100 per barrel. 

U.S. Unemployment, on the economic front, 166,000 Americans filed for unemployment benefits last week, well below analysts' expectations of 200,000. Continuing claims, which track the total number of unemployed workers collecting benefits, rose more than expected to 1.523 million, up from a revised 1.506 million.

Stocks,  HP Inc finished up 14% after Warren Buffett's Berkshire Hathaway disclosed purchase of nearly 121 million of the company's shares, or a roughly 11.4% stake.

Levi Strauss is also little changed despite the apparel maker reporting an adjusted quarterly profit of 46 cents per share, beating Wall Street expectations.  

SPOT MARKET  BY THE HOUR AS OF GMT 09: 50  04-08-22