Stock Market News Live Lower

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US stock futures indicated a slightly higher start on Wall Street on Tuesday, after the S&P 500 plunged into a bear market on fears that hot inflation could prompt more aggressive interest rate hikes from the Federal Reserve.

Cryptocurrencies continued to fall, with bitcoin sliding below $ 23,000 to its lowest level since late 2020, as investors scaled back their most speculative positions.

All eyes this week will be on the Fed's rate decision on Wednesday, with policymakers considering a larger-than-expected 0.75 percentage point hike.

Tuesday morning, futures markets are predicting that the Federal Reserve will raise interest rates by 0.75 percentage point at its meeting on Wednesday, with 96.5 percent certainty. That's up from nearly a third likely on Monday and a 4 percent chance a week ago, according to CME Group statistics.

Live Stock Market News The Wall Street Journal

A late night story at The Wall Street The Journal said that the Federal Reserve will consider raising its benchmark interest rate by 0.75 percentage point this week. Such a change would push the Fed's policy rate into a range of between 1.5 percent and 1.75 percent. Now it's about 0.75 percent to 1 percent.

Due to the many worrying inflation readings, the Federal Reserve increased its benchmark interest rate by a quarter point, up from the current level of 0.25 percent. The central bank last raised interest rates by 0.75 percentage point in 1994 to prevent a possible rise in inflation.

Bitcoin's value temporarily dipped below $21,000 on Tuesday as the sell-off in the cryptocurrency increased. By 5:30 a.m. ET on Tuesday, Bitcoin, the world's most valuable cryptocurrency, had fallen to $20,834.50 before recovering to around $22,300 once again, according to CoinDesk forecasts.

The drop still puts bitcoin about 4.2 percent lower than Monday, when it had its lowest day since March 2020.

Investors in stock market Bigger Direct is concerned that higher interest rates from major central banks could curb easy money policies that have helped drive more speculative assets higher, which is also putting pressure on cryptocurrencies.

This week's decline in digital assets has put the combined value of cryptocurrencies under $ 1 trillion. Ether, the second-largest cryptocurrency by market value, was down 3.6 percent Tuesday from Monday's 5 p.m. ET.

The Global Economy in the Live Stock Market

Investors are gloomier about the global economy than they have been in more than three decades, according to a study of fund managers by Bank of America Global Research.

The bank asked more than 260 investors who controlled about $750 billion in assets whether the economy would grow. A net negative 73 percent think no, the lowest score in a series since 1994. Most respondents expect the inflation rate to ease over the next year, but say it will remain high by historical standards.

Investors say the business picture is also deteriorating. Global profit was expected to fall by a net negative 72%, the lowest figure since Lehman Brothers went bankrupt in September 2008. When the dotcom bubble burst and Long Term Capital Management collapsed in 1998, similarly low ratings were observed. At the start of the Covid-19 epidemic, during the dotcom crash, and in the immediate aftermath of the 1998 financial crisis.

Investors told BofA they had been flocking to commodity bets like oil to protect themselves from inflation. investors. Trading for a higher dollar is the second most popular strategy, according to these analysts.

The poll ended a day before statistics released Friday showed US consumer prices growing at their fastest rate in more than 40 years. The Crypto-related debacle has caused Switzerland's SIX Digital Exchange to delay the launch of critical infrastructure components.

In an important step towards creating a fully regulated crypto market in Switzerland, SIX's SDX division plans to provide safekeeping and staking services to banks and hedge funds through a new unit.

Several Swiss banks are already foraying into crypto with custody or trading for customers, but the new SDX service is intended to provide a channel for the world's richest people and others to add crypto to their portfolios.

It has been decided to suspend its future crypto services until further notice due to the current state of the market, according to a statement released by SDX on Tuesday.

SDX aims to provide the necessary services to realize its vision of a thriving market for all types of digital assets. The exchange opened in September after obtaining regulatory clearance.

It is only accessible by banks or other regulated financial organizations, not directly by ordinary investors. It has stated its aim is to apply robust Swiss standards to the digital asset trading, settlement and depository industry.

The US Treasury yield curve inverted overnight, a closely watched statistic that is seen as a harbinger of an impending recession.

The yield on the benchmark 2-year government bond jumped as high as 3.431 percent on Tuesday in Asian trading, outpacing the yield on its 10-year counterpart. In the European morning, the 2-year yield has slipped below the 10-year yield of 3.322 percent.

Live Stock Market Curve

Additionally, the yield curve inverted in April, with the 2-year yield closing above the 10-year yield for the first time since 2019.

Under normal circumstances, loans for longer maturities cost more to compensate bondholders for the risk of future inflation. Bonds with shorter maturities have lower yields because inflation is less threatening to their value.

Thus the yield curve in good times is upward sloping. Investors are now anticipating the Fed to raise short-term interest rates to combat the current rising pace of inflation.

Long-term interest rates are also increasing, but at a slower rate, on the prediction that these rate hikes will eventually impact future economic growth.

Concerns about high inflation and increasing anticipation that the Federal Reserve will tighten monetary policy by force pushed shorter interest rates up significantly in recent days.

The 2-year yield saw its biggest two-day jump since the week after Lehman Brothers failed, according to Deutsche Bank. Long-term outcomes are also improving, although at a slower pace than short-term ones.

Some investors are cautious about whether transient intraday yield curve inversions should be taken seriously as a recession signal.

“You have to have a long time when the yield curve inverts to give a good warning. According to Colin Graham, head of multi-asset strategy at Robeco, “one day here and there it doesn't really work out.”

Tight global oil supplies are spurring price rises that threaten to threaten inflation which is already running at the sharpest pace in more than four decades.

Brent crude futures, the global benchmark, headed for their 16th gain in 19 trading sessions Tuesday, up 0.8 percent to trade at $123.24 a barrel. In June it increased by 6.4 percent.

Asian Stock Markets Drift Lower

Investors concerned that inflation could force central banks to raise interest rates more quickly worry that oil is bucking a downward trend in prices. Brent rallied as the S&P 500 plunged into a bear market on Monday.

According to AAA data since 2000, retail gasoline prices in the United States have now reached an all-time high of $5.01 per gallon. Chaos in Libya's massive oil industry is the latest driver for higher oil prices, experts say.

Under normal circumstances, Libya accounts for more than 1 percent of world production, but protests have led to the closure of the North African country's three main oil-exporting ports. Oil production has stopped, Oil Minister Mohamed Oun told Bloomberg Monday.

The disruption is unprofitable for oil customers as supplies of fuels such as diesel and petrol are running low by historical norms. Supply worries will boost prices for some time, said ING Groep analyst Warren Patterson, pointing to doubts about Russian production and restrictions on OPEC's capacity to pump additional oil.

For US energy companies and their shareholders, higher prices are a boon. The energy sector is the only part of the S&P 500 that is green for 2022, having gained 51 percent. Second best performer: Utilities, down 5.6 percent this year.

Dow futures are bouncing back, more inflation data and there is more immediate stock market news happening today stocks are starting to rebound again Tuesday, after Monday's selloff linked to inflation fears and the threat of a recession roiled markets and pushed the S&P 500 index into a bear market.

Dow Jones Industrial Average futures rose 225 points, or 0.7 percent, after the index fell 876 points to settle at 30,516 on Monday. S&P 500 futures suggest a 1 percent gain, with tech stocks the Nasdaq projected to jump 1.2 percent; The S&P 500 fell 3.9 percent on Monday and the Nasdaq sank 4.7 percent.

Conclusion

This is the live stock market news that we have covered in this article. Global profit is expected to fall to net negative 72%, the lowest figure since Lehman Brothers went bankrupt in 2008. The yield on the benchmark 2-year government bond jumped as high as 3.431 percent Tuesday in Asian trading. The yield on the 10-year bond fell below 3.322 percent in afternoon European trade.