Global markets will be watching closely this week’s December consumer inflation data, which will be released in the US on Wednesday.
On the first trading day of the new week in the US, indices showed a negative performance last week.
Asian stocks are on the upswing this morning with the recovery in tech stocks. Japanese markets are closed for a holiday. Hong Kong Hang Seng and China CSI 300 are rising.
While the US stock markets fell on Friday, the S&P 500 index, which fell 1.87 percent during the week, showed its worst first week of the new year performance since 2016. The Nasdaq dropped 4.46 percent on a 100-week basis. This marked the highest weekly loss since February 2021.
During the week, the US 10-year bond yield rose 25 basis points, and the 30-year bond yield rose 21 basis points. The US 10-year bond yield finished the week at 1.7620 percent.