Market Updates
World Markets Face Rising Interest Rates
Barry Adams
03 May, 2022
New York City
World markets remained focused on the U.S. Federal Reserve as investors shift focus to interest rate regime.
Financial markets in India were closed to mark Ramzan Eid.
U.S. Fed policy committee is scheduled to meet on Wednesday and financial markets are anticipating interest rate hike of at least 0.5%, the first such increase in 20 years.
The Fed has been severely lagging in taming inflation after saying that last two years of energy price increases are transitory.
U.S. consumer prices are rising at the fastest pace in four decades and annual inflation is hovering between 8.5% and 10%.
10-year U.S. Treasury yield is trading at 2.89%, resulting in a negative interest rate of as much as 7%.
The Bank of England is scheduled to lift its interest rate to the highest since 2009 on Thursday.
The Reserve Bank of Australia lifted the cash rate for the first time since 2011.
The central bank raised the rate by 0.25 percentage point from record low of 0.1% in 2020 to 0.35% and said additional rate hikes are likely to follow.
Australian market indexes closed higher and banks closed down 1%.
The central bank rate decision was announced after the market closed.
In Asian markets, Hang Seng index gained 0.06% and markets in Japan, China, and India were closed.
The Bank of Japan is the only central bank sticking to its ultra-low rate policy and said last week it will support 10-year Japanese government bond at 0.25% yield.
European markets traded higher and market indexes in Germany and in France gained 0.1% but in London eased 0.75% ahead of the rate decision on Thursday.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|