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Kremlin spokesman Dmitry Peskov: It is too early to say that a peace agreement in Ukraine is imminent.Kremlin spokesman Dmitry Peskov: Dont draw conclusions too early about the impending end of the conflict in Ukraine.The State Administration for Market Regulation issued a public notice soliciting opinions on the "Regulations on Transparent Pricing in the Funeral Industry (Trial) (Draft for Comment)". The deadline for feedback is December 25, 2025.On November 26, the European Central Bank (ECB) stated that the regions financial stability faces "rising" risks, with excessively high asset valuations prone to significant corrections and fiscal challenges in some countries potentially testing investor confidence. In its latest Financial Stability Assessment report, the ECB noted, "Market sentiment could shift abruptly, for example, due to a deteriorating growth outlook or disappointing news regarding the application of artificial intelligence (AI)." The report also warned that concerns about high public debt levels in some developed economies could put pressure on global bond markets, potentially leading to international capital flows and currency shocks.On November 26, local time, Russian Presidential Aide Ushakov stated that Russia has not yet formally received the US-proposed "peace plan" for Ukraine, but has obtained the text through informal channels. He indicated that Russia has not discussed the specific details of the US "peace plan" with any party, and several clauses require further analysis. Ushakov stated that Russia holds a positive attitude towards some aspects of the US "peace plan," but many matters still need to be discussed. Ushakov revealed that Russia has obtained multiple versions of the US "peace plan" through informal channels, and their content even contains contradictions.

Hang Seng Index, ASX200, Nikkei 225: Hang Seng Stumbles Early

Cory Russell

Feb 06, 2023 15:51


Market Snapshot

This morning's session was diverse. The Hang Seng Index touched reverse this morning as market risk sentiment was affected by US economic statistics from Friday.


Fears of a more hawkish Fed action in March increased as a result of the significant increase in nonfarm payrolls and the decline in the US unemployment rate to 3.4%. The ISM Non-Manufacturing PMI figures allayed the immediate fears of a US economic downturn, providing the Fed even another justification for continuing to front-load to combat inflation.


Investors also reacted to Alphabet Inc. (GOOGL) and Apple Inc.'s (AAPL) dismal results and bleak outlooks, which helped to explain the NASDAQ Index's 1.59% decline on Friday.


There were no statistics or geopolitical developments this morning to influence the overall market risk attitude. The markets will require FOMC member talk to restore order after last week's US economic readings. The Fed Funds Rate is predicted to increase by 25 basis points to 5%. Any rumors of a more forceful action would be negative.

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