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Hang Seng Index futures closed up 0.39% at 19,924 points in the night session, 145 points higher.On January 23, BlackRock CEO Larry Fink said that investors were too quick to conclude that high inflation was over, increasing the likelihood that bond yields will rise in the future as prices rise. "The biggest risk facing the world today is that the whole world believes that the peak of inflation has passed," Fink told Bloomberg on Wednesday while attending the World Economic Forum in Davos, Switzerland, saying that his views were at odds with the views expressed by market forces. "I really think we will face a situation of high inflation." When talking about artificial intelligence investment, Fink said that building data centers requires a lot of funds from the private sector. BlackRock is teaming up with Microsoft and others to raise a $30 billion fund, and Fink said that the private market needs to pay special attention to how data centers are powered. "In the short term, lets be clear that it will be powered primarily by natural gas, natural gas in the United States," Fink said, adding that electricity demand should trigger discussions about the future role of nuclear energy.On January 23, the European Stoxx 600 index hit a record high for the first time since September, as investors became increasingly confident that the United States might not implement the most severe tariff measures it had previously threatened. The index rose 0.9% to 530.55 points during the session, exceeding the previous intraday high of 528.68 points in September. However, the index later gave up most of its gains and closed at 528.04. Consumer goods and technology stocks rose the most on Wednesday, with Adidas shares jumping after announcing better-than-expected earnings. European stocks have regained favor this month after experiencing one of the worst years compared to U.S. stocks in 2024. Political uncertainty is also expected to subside this year after Germany holds a general election.On January 23, according to the Japan Meteorological Agency, at about 2:49 a.m. local time on the same day, a 5.0-magnitude earthquake occurred in the Aizu area of Fukushima Prefecture, Japan, with a maximum tremor of 5 weak and a focal depth of 10 kilometers. There is no risk of tsunami from this earthquake. At about 2:57 a.m. local time on the 23rd, a 3.2-magnitude earthquake occurred again in the Aizu area of Fukushima Prefecture, Japan, with a maximum tremor of 3 and a focal depth of 10 kilometers.The bid-to-cover ratio for the U.S. 20-year Treasury bond auction on January 22 was 2.75, compared with the previous value of 2.50.

As the likelihood of an aggressive Fed direction decreases, the US Dollar Index rises again toward 104.60

Daniel Rogers

Aug 11, 2022 12:05

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On Wednesday, the US dollar index (DXY) dropped significantly as the US Consumer Price Index fell (CPI). As the prospect of a major rate hike by the Federal Reserve (Fed) in September diminished due to a sharp slowing in price pressures, the DXY collapsed like a house of cards. When the asset broke through the consolidation formed between 106.00 and 106.80, it fell to 104.64. Despite the temporary pause, the market's downward trend will continue.

Normalized CPI drops 60 basis points

Inflation in the United States for the year was reported at 8.5%, which was less than the 8.7% predicted and 9.1% reported in the preceding report. An annual reduction in inflation of this magnitude in July, brought on by a dramatic drop in oil prices, sent a strong signal of market fatigue to participants. Without a doubt, the Federal Reserve (Fed) will announce further rate hikes; but, the Fed's long-term hawkish stance will take a major hit.

There will be sustained confidence in the market.

After taking a number of policy tightening steps, including raising interest rates and halting the bond-buying program, Fed policymakers heave a sigh of relief. In order to put capital into risk-perceived assets, investors have been waiting for a month with strong employment data and a significant drop in price pressures. It's likely that your desire to take risks will last for a longer period of time in the future.

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