Global Market Report - 25 Apr 2022

Gold Spot

Gold fell 1% on Friday and was set for its biggest weekly decline since mid-March as signs of faster policy tightening by the Federal Reserve lifted Treasury yields and the dollar. Fed Chair Jerome Powell said on Thursday a half-percentage-point interest rate increase "will be on the table" when the U.S. central bank meets in May, suggesting it may use aggressive actions to tame soaring inflation.

Technical Resistance: 1935/1953

Technical support: 1916/1900

Market headlines:

Economic data:                

  • 2022 Malaysia time 04:00 pm - German Ifo Business Climate Index (Apr)
  • 2022 Malaysia time 11:00 pm - BoC Gov Macklem Speaks 

Wall Street dives, dollar jumps as rate hikes take spotlight

U.S. stocks tumbled on Friday while the U.S. dollar hit a more than two-year high as investors prepared for a bevy of interest rate hikes in a global inflation fight. All three major Wall Street indices ended down more than 2% a day after Federal Reserve Chairman Jerome Powell indicated that the U.S. central bank was preparing a half-point interest rate hike at its May meeting, with more to come.

China securities watchdog expects audit deal soon with U.S. regulators

China's securities watchdog is holding regular talks with U.S. regulators over audit cooperation and expects a deal soon, a Chinese regulatory official said on Thursday about a dispute that could lead to delistings of U.S.-listed Chinese firms. The comments by Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), represent the latest gesture from Beijing that it is willing to solve the long-standing dispute with Washington.

UBS trims India growth forecast to 7% as global macro risks worsen

UBS cut India's 2022-23 economic growth forecast by 70 basis points to 7% on Friday, citing slowing global growth due to high commodity prices, and weak local demand because of energy price hikes, inflationary pressures and a struggling labour market. The downgrade comes a week after the World Bank lowered its economic growth forecast for India and the whole South Asia, citing worsening supply bottlenecks and rising inflation risks along with the Ukraine crisis.

Source: Bloomberg, Investing.com, Reuters

黄金现货

由于美联储加快收紧政策的迹象提振了美国国债收益率和美元,黄金周五下跌 1%,并创下自 3 月中旬以来的最大单周跌幅。 美联储主席杰罗姆·鲍威尔(Jerome Powell)周四表示,美联储在 5 月开会时“将”加息 0.5 个百分点,这表明它可能会采取积极行动来抑制飙升的通胀。

技术阻力:1935/1953

技术支持 :1916/1900

主要头条:

• 随着加息成为焦点,华尔街跳水,美元上涨

• 中国证券监管机构预计很快与美国监管机构达成审计协议

• 随着全球宏观风险恶化,瑞银将印度经济增长预期下调至7%

• 美元兑马币交易 4.3500

经济数据:

  • 2022年4月25日,马来西亚时间 04:00 pm – 德国IFO商业景气指数 (四月)         
  • 2022年4月25日,马来西亚时间 11:00 pm – 加拿大央行行长麦科勒姆(Tiff Macklem)讲话 

随着加息成为焦点,华尔街跳水,美元上涨

美国股市周五大跌,美元触及两年多高位,因投资者为全球通胀战中的一系列加息做好准备。 在美联储主席杰罗姆·鲍威尔(Jerome Powell)表示美联储正准备在 5 月会议上加息 0.5 个百分点之后,华尔街三大主要股指均收盘下跌超过 2%,未来还会有更多。

中国证券监管机构预计很快与美国监管机构达成审计协议

中国证券监管机构正在与美国监管机构就审计合作进行定期会谈,并预计很快会达成协议,一名中国监管官员周四表示,有关争议可能导致在美国上市的中国公司退市。 中国证监会副主席方星海的表态,代表了北京方面愿意解决与华盛顿长期争端的最新姿态。

随着全球宏观风险恶化,瑞银将印度经济增长预期下调至7%

瑞银周五将印度 2022-23 年的经济增长预测下调 70 个基点至 7%,理由是大宗商品价格高企导致全球增长放缓,以及能源价格上涨、通胀压力和劳动力市场疲软导致当地需求疲软。 一周前,世界银行下调了对印度和整个南亚的经济增长预期,理由是供应瓶颈恶化和通货膨胀风险上升以及乌克兰危机。资料来源: Bloomberg, Investing.com, Reuters

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