Stocks weak overnight in US and Asia, Fed turns increasingly hawkish and UK Retail Sales fall by more than expected in March

22 April 2022 – Comment from Steve Clayton, HL Select Fund Manager:

“Stocks were weak overnight in the USA and Asia. Once more Tech shares led the way lower, with the Nasdaq Composite index losing 2% in value, whilst the broader S%P 500 index lost half that much. Tokyo saw the Nikkei index slide 1.6% with a similar fall in Australian stocks. Futures markets are indicating a bumpy start to trading in Europe.

Rising inflation is undermining bond prices – the yield on UK 10 year government bonds has...

https://allaboutshipping.co.uk/2022/04/22/stocks-weak-overnight-in-us-and-asia-fed-turns-increasingly-hawkish-and-uk-retail-sales-fall-by-more-than-expected-in-march/