$DOW

DOW & SPX both at major support levels, if we break here look for overall follow through on the market for a full risk off session once again

(Reuters) - Wall Street's main indexes opened lower on Thursday, the last day of a dismal first-half of the year, on worries that central banks determined to tame inflation will hamper global economic growth. The Dow Jones Industrial Average fell 239.31 points, or 0.77%, at the open to 30,790.00. The S&P 500 opened lower by 32.84 points, or 0.86%, at 3,785.99, while the Nasdaq Composite dropped 129.65 points, or 1.16%, to 11,048.25 at the opening bell.

(Reuters) - The S&P 500 and the Nasdaq fell after the opening bell on Wednesday, after several policymakers made a case for faster interest rate hikes to tamp down inflation as a string of recent data continued to paint a dour picture for the economy. At 9:33 a.m. ET, the S&P 500 was down 9.67 points, or 0.25%, at 3,811.88, and the Nasdaq Composite was down 65.85 points, or 0.59%, at 11,115.69. The Dow Jones Industrial Average was up 0.28 points, or 0.00%, at 30,947.27.

(Reuters) - Wall Street's main indexes opened higher on Tuesday after China relaxed some COVID-19 quarantine requirements for international travelers, raising hopes of a revival in global growth. The Dow Jones Industrial Average rose 110.79 points, or 0.35%, at the open to 31,549.05. The S&P 500 opened higher by 12.89 points, or 0.33%, at 3,913.00, while the Nasdaq Composite gained 17.69 points, or 0.15%, to 11,542.24 at the opening bell.

By Julie Zhu HONG KONG (Reuters) - Asian shares swung into positive territory in afternoon trade on Tuesday, propelled by China's decision to ease some quarantine requirements for international arrivals, with Hong Kong stocks particularly supported. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5%, having spent most of the day in the red. The index has fallen 3.8% so far this month. Health authorities said on Tuesday that China will halve to seven days its COVID-19 quarantine period for visitors from overseas, with a further three days spent at home. Following the news, Hong Kong's Hang Seng index reversed its losses and jumped 0.85% in afternoon trade. In China, the blue-chip CSI300 index was 1% higher, also having clawed back earlier losses. The sharp change in mood looked set to last into the global day with the pan-region Euro Stoxx 50 futures up 0.31%, German DAX futures 0.2% higher and FTSE futures climbing 0.47%. U.S. stock futures rose 0.46%. "With local new infections dropping further in June, and COVID curbs to ease more, we expect the (Chinese) economy to continue to recover," BofA said in its note. "That said, given soft domestic demand and lingering COVID uncertainties, the mending path is likely to be bumpy in the coming months." Market sentiment was also boosted by an official's remarks that Beijing would roll out tools to cope with economic challenges as COVID-19 outbreaks and risks from the Ukraine war pose a threat to employment and price stability. Australian shares were up 0.86%, while Japan's Nikkei stock index rose 0.66%. U.S. stocks ended a volatile trading session slightly lower on Monday with few catalysts to sway investor sentiment as they approach the half-way point of a year in which equity markets have been slammed by heightened inflation worries and tightening Fed policy. Interest rate sensitive megacaps such as Amazon.com Inc (NASDAQ:AMZN), Microsoft Corp (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) Inc were the heaviest drags on the U.S. main indexes. The Dow Jones Industrial Average fell 0.2%, the S&P 500 lost 0.30% and the Nasdaq Composite dropped 0.72%. Oil continued to rise with investors still weighing worries about an economic slowdown against concerns over lost Russian supply amid sanctions related to the conflict in Ukraine. U.S. crude ticked up 1.02% to $110.69 a barrel. Brent crude rose to $116.42 per barrel. "A seam of tight supply news bolstered the (oil) market," said analysts at Commonwealth Bank of Australia (OTC:CMWAY). "Political unrest might curtail supply from a couple of second-tier producers, Ecuador and Libya. And then there's the G7's proposed price cap on Russian oil." In bond markets, Treasury yields climbed on Monday following capital and durable goods orders data and as pending home sales surprised to the upside from the previous month. The yield on benchmark 10-year Treasury notes last reached 3.1828% on Tuesday, compared with its U.S. close of 3.194% on Monday. The two-year yield, which rises with traders' expectations of higher Fed fund rates, touched 3.0934%. Also, the dollar edged lower versus major rivals as investors weighed expectations on inflation and interest rate hikes. The dollar index, which tracks the greenback against a basket of currencies of other major trading partners, was down at 103.96. Gold was slightly higher with the spot price trading at $1,825.79 per ounce. [GOL/]

RECAP 6/23 Unusual Calls: $DOW Jul 56 C $EXPE Jul01 97.5 C $HOOD Jul08 8 C $HTZ Jul 17.5 C $CHPT Jun24 15.5 C $SNOW Jun24 140 C $FCX Aug 30 C $GPS Jul 9 C $VRM Jul 1.5 C $LOW Jan 250/310 C Spd $SE Jul 90 C $WEBR Jul 12.5 C $FIS Nov 100 C

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By Stella Qiu and Alun John BEIJING/HONG KONG (Reuters) - Asian shares wobbled while commodity prices fell on Thursday, as mounting worries about the risks of a global recession amid aggressive rate hikes by the Federal Reserve kept broad investor sentiment fragile. MSCI's broadest index of Asia-Pacific shares outside Japan eked out a 0.5% gain in volatile trade, reversing earlier losses. Stocks in South Korea were down 0.7%, China's blue chips rose 1.2%, and Japan's Nikkei edged up 0.2%. Chinese tech shares in Hong Kong staged a strong rebound, rising 2.8%, after Chinese President Xi Jinping chaired a top-level meeting on Wednesday that approved a plan for the further development of China's large payment firms and the fintech sector. Volatility is set to continue when European markets open. The pan-region Euro Stoxx 50 futures were down 0.4% while German DAX futures and FTSE futures saw similar declines. Both Nasdaq futures and S&P500 futures eased 0.1%. Overnight, the dollar fell alongside U.S. Treasury yields after Fed Chair Jerome Powell, in testimony to the U.S. Senate Banking Committee, underlined their commitment to bringing inflation down at all costs and acknowledged a recession was "certainly a possibility". A Reuters poll showed the Fed will deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September, and won't scale back to quarter-percentage-point moves until November at the earliest. "What is clear is the market views a recession as increasingly likely, a view heard from Powell, who detailed that a recession was a possibility but not their intention," said Chris Weston, head of research at brokerage Pepperstone in Melbourne. "Equities have held in well despite the falls in commodities, altogether there has been rotation into low-risk areas of the market and defensive sectors, with predictable outflows from energy and materials stock." U.S. stocks rallied after Powell's remarks, which some analysts said did not break any new ground, before giving up gains. The Dow Jones Industrial Average fell 0.15%, the S&P 500 lost 0.13%, and the Nasdaq Composite dropped 0.15%. Powell is set to give the second congressional semi-annual testimony later on Thursday. Investors are continuing to assess the risks of central banks pushing the world economy into recession as they attempt to curb inflation with interest rate increases. Concerns about the demand outlook have sapped commodity prices, with oil on Thursday tumbling to the lowest in more than a month. Brent crude was down 2% to $109.60 per barrel and U.S. crude declined 2.2% to $103.89 a barrel. Iron ore was already at six-month lows having lost more than 20% in recent weeks, while copper struck a 15-month trough overnight. Moves in the Treasuries market on Thursday were rather muted, after a strong rally the previous day as investors sought the safety of sovereign debt amid growing fears of a recession. The yield on benchmark 10-year Treasury notes were down slightly to 3.1524%, hovering around the lowest in almost two weeks, compared with its U.S. close of 3.156% the previous day. The two-year yield, which rises with traders' expectations of higher Fed fund rates, touched 3.0693%, compared with a U.S. close of 3.056%. In foreign exchange markets, the dollar eased 0.1% against a basket of major currencies, bringing its decline since Friday to 0.46%. However, the index was up more than 8% this year, reflecting the broad risk-off sentiment and the dollar's Fed-driven yield advantage. Those factors were underscored by the South Korean won, which fell below a psychological threshold of 1,300 per dollar for the first time in 13 years, amid global economic recession worries. The Australian and New Zealand dollars lost ground on Thursday as commodity prices fell. Gold was slightly lower, with spot prices traded at $1,831.32 per ounce. [GOL/]

Chevron goldam Sach e caterpillar the zavorrano il Dow. Unico indice usa che non e bear. Ma nasdy verde!

Reuters) - Wall Street's main indexes opened mixed on Friday after a brutal selloff triggered by the Federal Reserve and other major central banks raising interest rates heightened recession fears. The Dow Jones Industrial Average fell 14.37 points, or 0.05%, at the open to 29,912.70. The S&P 500 opened lower by 0.87 points, or 0.02%, at 3,665.90, while the Nasdaq Composite gained 51.45 points, or 0.48%, to 10,697.55 at the opening bell.

dow around precovid high. what you think? time for some indices bounce for a few days finally?

(Reuters) - U.S. stock indexes opened sharply lower on Thursday, with growth shares taking the biggest hit, after the Federal Reserve's biggest interest rate hike since 1994 fanned recession worries. The Dow Jones Industrial Average fell 362.79 points, or 1.18%, at the open to 30,305.74. The S&P 500 opened lower by 61.81 points, or 1.63%, at 3,728.18, while the Nasdaq Composite dropped 293.13 points, or 2.64%, to 10,806.02 at the opening bell.

Powell talk now Dow is down

By Marc Jones LONDON (Reuters) - European markets trimmed gains after the European Central Bank unveiled fresh measures on Wednesday to temper a market rout that has fanned fears of a new debt crisis before what is expected to be one of the sharpest U.S. rate hikes since 1994. Hopes of a quiet run in to what is forecast to be a three-quarter-point hike by the Federal Reserve later on Wednesday were quickly dashed as the ECB's unexpected meeting - less than week after its last scheduled one - prompted a rush of activity. The ECB said it would be flexible in reinvesting cash maturing from its recently-ended 1.7 trillion euro ($1.8 trillion) pandemic support scheme and would consider a fresh instrument to be devised by staff, disappointing some investors who were looking for bolder steps. The euro which was up as much as 0.3% before the statement, trimmed gains and was marginally weaker on the day at $1.0407 Italy's 10-year bond yield, which stands to benefit the most from the ECB's plans, was last down 25 basis points on the day at 3.97%, above its session low of around 3.87%. Spanish and Portuguese 10-year yields also came off their day's lows but were still sharply down on the day.. "I think essentially it is the bare minimum of what could be expected, but I also believe it's the most realistic outcome of what they could compromise (on) today," said Piet Christiansen, chief analyst at Danske Bank in Copenhagen. ) " onerror="this.style.display='none'" class="msg-img" /> INFLATION FEARS The worries about rising borrowing costs and global inflation have been hammering financial markets all year. World stocks are down over 20%, bond markets have been routed and fears that drastic Fed action could tip the world into recession means the U.S. central bank's moves later will be crucial for traders. Treasury yields had hit decade highs overnight and the dollar a 20-year peak as futures implied it was near-certain the Fed would hike by 75 basis points to a range of 1.50-1.75%. That would be the biggest increase since 1994, and markets already have rates reaching an eye-watering 3.75-4.0% by the end of the year. "Against a backdrop of sky-high inflation, rising rates, and growing recession concerns, the S&P 500 has had its worst start to the year since 1962," analysts at Goldman Sachs (NYSE:GS) said. "A likely coming peak in inflation is probably not sufficient to see the bottom..." They recommended that investors reduce portfolio duration and increase exposure to real assets. With so much priced in, a few brave investors, also buoyed by the ECB, were looking for bargains and S&P 500 futures were up 0.7%, while Nasdaq futures rose 0.75% and Dow futures added 0.4%. MSCI's broadest index of Asia-Pacific shares outside Japan was closing almost flat, but is down sharply on the week. Japan's Nikkei lost 1.1%, though sentiment was helped by a survey showing an improvement in confidence among Japanese manufacturers. Chinese shares bucked the trend with a gain of 1.3%. Data on Chinese retail sales and industrial output for May were a little better than forecast, but still showed the drag from coronavirus lockdowns. Authorities in Beijing said on Tuesday the city was in a "race against time" to get to grips with its most serious outbreak since the pandemic began. ) " onerror="this.style.display='none'" class="msg-img" /> WHATEVER IT TAKES 2.0? The ECB's move allowed bond markets everywhere to rally after their recent hammering, with German Bund yields swooping down to 1.67% and 10-year Treasury yields dropping to 3.37% from Tuesday's peak of 3.498%. Two-year yields stood at 3.30%, after touching the highest since 2007 at 3.456% overnight. Given many U.S. borrowing rates are linked to yields, financial conditions have already tightened markedly there even before the Fed hikes. ECB chief Christine Lagarde is due to speak in London at 1600 GMT. It is almost a decade since her predecessor Mario Draghi did the same at the height of the euro zone debt crisis. "I think Lagarde will try to do 'whatever it takes' 2.0 tonight" Lorenzo Codogno founder of LC Macro Advisers, said describing the current situation as a perfect storm. "But the markets won't be happy if she comes empty-handed." U.S. Treasury yields are the benchmark for bonds worldwide, so financial conditions are tightening pretty much everywhere. That is a major headwind for consumer spending power, while pressuring emerging market countries that borrow in dollars. It has also tended to boost the U.S. dollar, which had hit a 20-year high against a basket of currencies before the ECB's news, led by big gains on the low-yielding Japanese yen. The dollar flop in Europe left it trading at 134.5 yen, having reached heights last visited in 1998 at 135.60. Those gains had come as the Bank of Japan ramped up its bond buying to keep yields near zero, even as much of the rest of the world tightens policy. Still, the sheer pressure on the yen and bonds has stoked speculation the BOJ could be forced to amend its yield control policy at a meeting on Friday. Surging yields, inflation and a sky-high dollar have been a burden for gold, which was near its lowest in a month at $1,826 an ounce. [GOL/] Oil prices stumbled after the Organization of the Petroleum Exporting Countries (OPEC) stuck to its forecast that world oil demand will exceed pre-pandemic levels in 2022. [O/R] Brent was almost a dollar softer at $120.60, while U.S. crude dipped $1.23 cents to $117.70 per barrel.

**Market Update – June 14 – Is the ugly Monday over?** USD spiked (USDIndex 105.10), Stocks plummeted once again (NASDAQ -4.68%, Dow -800pts & S&P close to -151pts). Friday’s hot CPI report; low consumer sentiment; stagflation worries continued; and global uncertainty over how hard the FOMC will have to slam on the brakes to slow demand and bring down inflation. Yields higher on fears of aggressive interest rate hikes would push the world’s largest economy into recession (US 5yr & 10yr back over 3.57% & 3.48%, 2yr at 3.33%). Asian markets have sold off in catch up trade, (Nikkei -1.30%). Oil up, Gold remains pressured by rising yields. (click for more) https://analysis.hfeu.com/en-eu/477975/

Se lo spoor chiude su questi livelli e in mercato orso x il Dow mancano snvota circa 5 punti percentuali

non mi meraviglierei si a fine anno il DOW fa sull'annuale un candela impiccata un HAMMER

Ieri gli indici USA hanno chiuso la seduta confermando una candela rossa Heikin-Ashi sul grafico giornaliero. Ed oggi, con l'inflazione americana al rialzo, comincia la discesa. Ecco la situazione del **Dow Jones**.

**Market Update – June 10 – Stocks Tank & Yields Rise ahead of US CPI** USD moved higher (USDIndex 103.10), Stocks TANKED into close (NASDAQ -2.75%, Dow -600 pts & S&P close to -100 pts) Futures steady. ECB cut growth and raised inflation forecasts, confirmed end of PEPP and 25bp rate hike in July (some wanted 50bp) & 25bp in Sept. (the caution weighed on EUR). Yields rallied (US 5yr & 10yr back over 3.00%, 2yr at 2.84%), Asian markets have mostly slipped, (Nikkei -1.49%). Yellen inflation a serious problem “what I am focused on”. Goldmans & Deutsche now expect 2 x 50bp hikes from ECB in Sept & Oct and RTS poll sees the same from FED (bring it to 4 x 50bp hikes). Oil slips but holds on to gains, Gold remains pressured by rising yields. NZD bid overnight. (click for more) https://analysis.hfeu.com/en-eu/476862/

By Andrew Galbraith SHANGHAI (Reuters) - Asian stocks fell, U.S. bond yields edged up and a surging dollar pushed to a two-decade high against the yen on Thursday as investors worried about the impact of rate rises ahead of a European Central Bank meeting later in the day. Asia's cautious tone looked likely to persist into European markets, where stock futures pointed to a lower open across the board. Pan-region Euro Stoxx 50 futures, German DAX futures and FTSE futures were all down around 0.4% to 0.5%. Moves were relatively muted ahead of the ECB meeting, which is set to bring an end to the bank's Asset Purchase Programme and signal rate hikes to combat rising inflation. Many investors were holding to the sidelines. "It's classic pre-central-bank-meeting price action. To speculate now on anything other than an hourly timeframe, or an intraday timeframe, doesn't make a whole lot of sense at the moment," said Matt Simpson, senior market analyst at City Index in Sydney. "It's the most exciting meeting since (Christine Lagarde) has been at the helm, since Draghi was here - 'whatever it takes'." Adding to concern over European inflation, data showed the euro zone economy grew much faster in the first quarter than the previous three months, despite the war in Ukraine. As investors guess at the size and pace of ECB tightening, they are also awaiting U.S. consumer price data on Friday that the White House has said it expects to be "elevated". Economists expect annual inflation to be 8.3%, according to a Reuters poll. While Asian share markets have risen around 9% from nearly two-year lows touched last month, investors remain worried that central bank policy tightening to control inflation could spark an economic slowdown. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.65% in afternoon trade, with Australian shares down 1.22% and Seoul's KOSPI 0.49% lower. Hong Kong's Hang Seng turned around from small gains to fall 0.75% and Chinese A-shares fell 1% as parts of Shanghai began imposing new COVID-19 restrictions. Hopes for an easing of curbs contributed to a recovery in Chinese shares in recent weeks, and the relaxations gave a boost to the country's exports in May. In Japan, the Nikkei stock index added 0.04%. Overnight, the Dow Jones Industrial Average fell 0.81%, the S&P 500 lost 1.08% and the Nasdaq Composite dropped 0.73%. "Over the last two weeks, trading has been in a very narrow range and also based on very low volumes," analysts at ING said in a note. "Previous instances of this range trading on low volumes have usually preceded a sharp down-shift," they cautioned, adding that the ECB meeting and Friday's U.S. price data were likely "catalysts for a more bearish outlook". The wait for U.S. price data also weighed on U.S. Treasuries, with yields rising after a weak auction of 10-year notes on Wednesday. The U.S. 10-year yield ticked up on Thursday to 3.0344% from a U.S. close of 3.029% on Wednesday and the two-year yield climbed to 2.7887% compared with a U.S. close of 2.774%. Rising yields supported the dollar, particularly against the yen, which dropped to a 20-year low of 134.56 before regaining some ground. The Japanese currency has been weighed down by a widening policy divergence, with the Bank of Japan remaining one of the few global central banks to maintain a dovish stance. [FRX/] The global dollar index was holding steady at 102.51, and the euro was flat ahead of the ECB meeting at $1.0719. Crude oil prices extended gains, rising to their highest levels in three months on expectations for strong U.S. demand and a recovery in China as COVID-19 curbs are eased. Global benchmark Brent crude was last at $123.94 per barrel, up 0.29% on the day. U.S. crude added 0.19% to $122.34. Gold, sensitive to rate hikes but seen as an inflation edge, was weaker. Spot gold lost 0.08% to $1,851.80 per ounce. [GOL/]

sono short sia di dow che di sp500 ma con l'orderflow e non sono così bravo. in demo e con cfd in reale . non vogliono scendere. mi snervaa!!!

(Reuters) - Wall Street's main indexes opened lower on Wednesday, as a rally in technology and growth stocks eased, while higher oil prices stoked worries of a further rise in global inflation. The Dow Jones Industrial Average fell 93.07 points, or 0.28%, at the open to 33,087.07. The S&P 500 opened lower by 13.56 points, or 0.33%, at 4,147.12, while the Nasdaq Composite dropped 27.95 points, or 0.23%, to 12,147.28 at the opening bell.

By Kanupriya Kapoor SINGAPORE (Reuters) - Asian shares were mostly higher on Friday as investors hoped U.S. jobs data due later might sway the Federal Reserve to slow its current aggressive pace of interest rate hikes over the coming months. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.56%, riding a strong Wall Street close overnight. Japan's Nikkei was up 1.2%, and shares in Seoul were up 0.46%, while Australia's resource-heavy index was up 0.79%. European STOXX 50 futures rose 0.76%. Markets in China, Hong Kong and the UK are closed for public holidays. Overnight, tech stocks led a rally on Wall Street, lifting the S&P500 1.84%, the Nasdaq Composite 2.68%, and the Dow Jones Industrial Average 1.29%. On Thursday, the ADP National Employment Report showed U.S. payrolls rising at a slower-than-expected pace last month. Investors are now looking to the U.S. Labor Department’s comprehensive jobs report, due later on Friday, for confirmation of a slowdown in the employment market, which could convince the Fed to go slow on interest rate hikes for the rest of the year. "For equities right now, anything that might be viewed as capping the Fed’s tightening could be viewed as supportive," said ING's Asia head of research Rob Carnell. "So, therefore, weak macro data becomes positive for stocks." Economists expect about 325,000 jobs were added last month in the United States and reckon unemployment ticked lower to 3.5%. "Any deviation from these figures that shows the labour market hanging together better than this might well be negative for equities and vice versa," Carnell said. Inflation is the biggest worry for the Fed and global policymakers. Fed officials have said that U.S. interest rates would likely continue to be raised aggressively unless inflation moderates. "Front-end rate hike pressure that had built the day prior on robust economic data immediately eased off after a weaker than expected May ADP employment print, suggesting things are cooling off," said Stephen Innes of SPI Asset Management. Markets have locked in consecutive 50-basis-point Fed hikes in June and July but the dollar has been pushed around this week by uncertainty about what happens after that. The U.S. dollar currency index, which tracks the greenback against six major currencies, was at 101.770, pausing a rally earlier in the week. The yen has been kept under pressure by super-low interest rates in Japan, and was last steady at 129.80 per dollar, having lost 2% on the greenback this week. U.S. Treasury yields were mixed ahead of the non-farm payrolls data. The benchmark 10-year yield was at 2.9204% while the 2-year yield, which tends to be sensitive to U.S. rate expectations, was down at 2.6484%. Oil prices were unchanged after U.S. crude inventories fell amid high demand, even as oil-producing countries OPEC+ agreed to boost production. Brent futures were at $117.17 per barrel, while U.S. West Texas Intermediate crude stood at $116.34. To read Reuters Markets and Finance news, click on https://www.reuters.com/finance/marketsFor the state of play of Asian stock markets please click on:

even $MSFT up given its downgrade.... $DOW really underperforming maybe $XLE holding it back a bit

(Reuters) - Wall Street's main indexes opened higher on Wednesday after robust quarterly earnings from luxury retailers and Salesforce (NYSE:CRM), while investors awaited factory activity data for cues on the strength of the U.S. economy. The Dow Jones Industrial Average rose 166.19 points, or 0.50%, at the open to 33,156.31. The S&P 500 opened higher by 17.63 points, or 0.43%, at 4,149.78, while the Nasdaq Composite gained 95.50 points, or 0.79%, to 12,176.89 at the opening bell.

3000 $DOW Jun22 66.0 Puts $0.68 (CboeTheo=0.66) ASKSIDE [CBOE] IV=33.3% +1.6 PHLX 375 x $0.59 - $0.74 x 893 PHLX AUCTION - OPENING Vol=3000, OI=160

(Reuters) - The S&P 500 and Dow opened lower on Tuesday as soaring oil prices and hawkish comments from a Federal Reserve official spooked investors, with focus turning to talks between U.S. President Joe Biden and Fed Chair Jerome Powell later in the day. The Dow Jones Industrial Average fell 52.37 points, or 0.16%, at the open to 33,160.59. The S&P 500 opened lower by 7.15 points, or 0.17%, at 4,151.09, while the Nasdaq Composite gained 6.41 points, or 0.05%, to 12,137.54 at the opening bell.

S&P 500, Dow open lower on inflation fears; Powell-Biden talks in focus

* S&P 500 HAS STRONGEST WEEK SINCE NOVEMBER 2020 * NASDAQ HAS STRONGEST WEEK SINCE MARCH * DOW JONES INDUSTRIAL AVERAGE HAS STRONGEST WEEK SINCE NOVEMBER 2020

By Andrew Galbraith SHANGHAI (Reuters) - Asian share markets slipped on Thursday on persistent concerns over growth in China and worries about the Federal Reserve's intent to tighten policy quickly, confirmed in minutes of the early May rate-setting meeting released overnight. While Wall Street closed higher after the minutes, which showed a majority of Fed policymakers backed half-percentage-point rate hikes in June and July along with a unanimous view the economy was strong, the mood was subdued in Asia. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.6%, taking losses for the month to 5%. Australian shares were down 0.47%, while Japan's Nikkei stock index slid 0.17%. In early European trading, the pan-region Euro Stoxx 50 futures were down 0.14%, as were German DAX futures. "It's very difficult for investors to navigate this market at the moment with high inflation, slower growth, rising interest rates and concerns about the Chinese (COVID-19) predicament, but also stagflation is looming as a potential issue at the same time," said Ryan Felsman, a senior economist at fund manager CommSec. The falls in Asia contrasted with a more upbeat mood on Wall Street, where the Dow Jones Industrial Average rose 0.6%, the S&P 500 gained 0.95% and the Nasdaq Composite added 1.51%. [.N] All participants at the Fed's May 3-4 meeting supported a half-percentage-point rate increase - the first of that size in more than 20 years - and "most participants" judged that further hikes of that magnitude would "likely be appropriate" at the Fed's policy meetings in June and July, according to minutes from the meeting While some investors worry that overly aggressive interest rate hikes by the Fed could tip the economy into recession, Wednesday's minutes seemed to suggest the Fed would pause its tightening streak to assess the impact on growth. The immediate attention is on Thursday's Commerce Department release of its second take on first-quarter GDP, which analysts expect to show a slightly shallower contraction than the 1.4% quarterly annualised drop originally reported. "The Fed will be crossing their fingers for Q1 GDP to be upwardly revised today, because another print of -1.4% or worse could exacerbate concerns of stagflation," Matt Simpson, senior market analyst at broker City Index, wrote. Elsewhere in Asia, South Korea's central bank raised interest rates for a second consecutive meeting as it grapples with consumer inflation at 13-year highs. Chinese blue-chips fell initially, but recovered as the day progressed after a drop in daily COVID-19 cases in the country, where lockdowns aimed at curbing the spread of the virus threaten to undermine recent economic support measures. Mainland markets also seemed to seek relief in commments from Premier Li Keqiang on Wednesday that China will strive to achieve reasonable economic growth in the second quarter and stem rising unemployment. After rising on Wednesday following the Fed minutes, the dollar was little changed in Asia trade. It was barely changed against the yen at 127.30, while the euro was almost flat at $1.0675. The dollar index, which tracks the greenback against a basket of major peers was just 0.13% higher at 102.20. Moves in U.S. Treasury yields were also muted. The 10-year yield edged up to 2.781% and the policy-sensitive two-year yield was flat at 2.502%. Crude oil was steady after a cautious rally this week, with Brent crude flat at $114.03 per barrel and U.S. crude up 0.13% at $110.47. Spot gold was down 0.2% at $1,849.19 per ounce. [GOL/]

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(Reuters) - U.S. stock indexes opened lower on Wednesday ahead of minutes from the Federal Reserve's May meeting, which will likely offer clues on the path of future rate hikes amid worries about slowing economic growth. The Dow Jones Industrial Average fell 112.31 points, or 0.35%, at the open to 31,816.31. The S&P 500 opened lower by 11.89 points, or 0.30%, at 3,929.59, while the Nasdaq Composite dropped 39.42 points, or 0.35%, to 11,225.03 at the opening bell.

(Reuters) - Wall Street's main indexes opened lower on Tuesday following a strong relief rally in the previous session as weak forecasts from firms including Snapchat owner Snap Inc (NYSE:SNAP) added to nerves about an inflation-struck economy. The Dow Jones Industrial Average fell 162.63 points, or 0.51%, at the open to 31,717.61. The S&P 500 opened lower by 30.81 points, or 0.78%, at 3,942.94, while the Nasdaq Composite dropped 208.83 points, or 1.81%, to 11,326.44 at the opening bell.

By Andrew Galbraith SHANGHAI (Reuters) - Asian shares jumped on Friday after China cut a key lending benchmark to support a slowing economy, but a gauge of global equities remained set for its longest weekly losing streak on record amid investor worries about sluggish growth. China cut its five-year loan prime rate (LPR) by 15 basis points on Friday morning, a sharper cut than had been expected, as authorities seek to cushion an economic slowdown by reviving the housing sector. The five-year rate influences the pricing of mortgages. MSCI's broadest index of Asia-Pacific shares outside Japan quickly built on early gains after the cut and was last up more than 1.8%. European equities were set to follow Asia's lead, with pan-region Euro Stoxx 50 futures, German DAX futures and FTSE futures all up more than 1%. Chinese blue-chips also rose 1.8%, boosted by foreign buying, and Hong Kong's Hang Seng index jumped more than 2%, while Australian shares rose 1.1%. In Tokyo, the Nikkei stock index gained 1.3%. "While it certainly will not suffice to reverse growth headwinds in Q2, (the cut) constitutes a move in the right direction so markets might be reacting to expectations of stronger easing going forward," said Carlos Casanova, senior Asia economist at Union Bancaire Privee in Hong Kong. Despite the gains in Asian shares, MSCI's All-Country World Price Index remained headed for its seventh straight week in the red, the longest such stretch since its inception in 2001. It would also be the longest including back-tested data extending to January 1988. Concerns over the impact of battered supply chains on inflation and growth have prompted investors to dump shares, with Cisco Systems Inc (NASDAQ:CSCO) on Thursday tumbling to an 18-month low after it warned of persistent component shortages, citing the impact of China's COVID lockdowns. On Friday, China's financial hub of Shanghai bruised residents' hopes for a smooth end to restrictions as it announced three new COVID-19 cases outside of quarantined areas - though plans to end a prolonged city-wide lockdown on June 1 appeared to remain on track. Industrial output in the city shrank more than 60% in April from a year earlier due to the impact of coronavirus restrictions. "The focus of (Chinese) officials has been to come up with easing policies to mitigate the impact of COVID suppression ... The problem is that such easing policies will not have any real impact so long as the COVID suppression policy is tightly enforced," said Christopher Wood, global head of equities at Jefferies. The gains in Asia came after a late rally on Wall Street petered out, leaving the Dow Jones Industrial Average down 0.75%, the S&P 500 0.58% lower and the Nasdaq Composite off by 0.26%. STRONGER YUAN In the currency market, the dollar index retreated from small earlier gains to nudge down 0.12% to 102.79, heading for its first losing week in seven. Moves elsewhere were muted, with the dollar just on the stronger side of flat against the safe-haven yen at 127.76. The euro was barely higher at $1.0586, erasing earlier losses. China's onshore yuan logged bigger moves, turning around from a 0.32% dip to strengthen to a two-week high of 6.6699 per dollar. The more freely traded offshore yuan also hit a two-week high at 6.6855 per dollar. While longer-dated U.S. government bond yields ticked higher following China's LPR cut, mirroring gains in equities, they later moderated. The U.S. 10-year yield was last at 2.855%, flat from Thursday's close, and down from a top of 2.922% earlier on Friday. The two-year yield climbed to 2.6327% compared with a U.S. close of 2.611%. Crude prices pared losses after China's LPR announcement but later extended falls on worries a demand recovery could falter. Brent crude was last down 0.53% at $111.45 per barrel and U.S. West Texas Intermediate crude was 1.21% lower at $110.85 per barrel. Gold bounced higher and was set for its first weekly gain since mid-April, helped by the weaker dollar. Spot gold, rose 0.26% to $1,846.49 per ounce. [GOL/]

Some guy I was listening to who uses a Dow Theory of some sort says we are clearly in a Bear Market. I tried to get another EBAY call for a buck.

of course, I don't put stop limits in when the Dow is down 1,000 pts or so.

**@Stocktwits:** The markets are open 🔔Here are the major indices right now 👇✦ S&P 500 ▼ 0.42%✦ Nasdaq ▼ 0.65%✦ Dow ▼ 0.20%✦ IWM ▼ 0.29% https://t.co/uOUfwikQGP https://twitter.com/Stocktwits/status/1526193491310788611

**@CNBC:** What to watch today: Dow set to open slightly higher after 7 straight weeks of selling https://t.co/wWp9Sf07B1 https://twitter.com/CNBC/status/1526186494620323840

By Marc Jones LONDON (Reuters) - Shares sank to a 1-1/2 year low on Thursday and the dollar hit its highest in two decades, as fears mounted that fast-rising inflation will drive interest rates higher and bring the global economy to a standstill. Those nerves and a German warning that Russia was now using energy supplies as a "weapon" yanked Europe's top markets down 2% (EU) and left MSCI's index of world shares nearly 20% lower for the year. The global growth-sensitive Australian and New Zealand dollars fell about 0.8% to almost two-year lows. The Chinese yuan slid to a 19-month trough while Europe's worries shoved the euro to its lowest since early 2017.. Nearly all the main volatility gauges were signalling danger. Bitcoin was caught in the fire-sale of risky crypto assets as it fell another 8% to $26,570, having been near $40,000 just a week ago and almost $70,000 last November. "We have had big moves," UBS's UK Chief Investment Officer Caroline Simmons, said referring as well to bond markets and economic expectations. "And when the market falls it does tend to fall quite fast." Tensions were stoked again as Finland confirmed it would apply to join NATO "without delay" in the wake of Russia's invasion of Ukraine, a war that has already had a major economic effect by driving up global energy and food prices. Data on Wednesday had showed U.S. inflation running persistently hot. Headline consumer prices rose 8.3% in April year-on-year, fractionally slower than the 8.5% pace of March, but still above economists' forecasts for 8.1%. U.S. markets had whipsawed after the news, closing sharply lower as Fed rate hike worries took hold again. Futures prices were pointing to another round of 0.2%-0.7% falls for the S&P 500, Nasdaq and Dow Jones Industrial later. [.N] The near 20% drop in MSCI's world stocks index since January is its worst start to a year in recent memory. "We're now very much embedded with at least two further (U.S.) hikes of 50 basis points on the agenda," said Damian Rooney, director of institutional sales at Argonaut in Perth. "I think we probably were delusional six months ago with the rise of U.S. equities on hopes and prayers and the madness of the meme stocks," he added. SELL IN MAY The main pan-Asia Pacific indexes closed down 2.5% at a 22-month low overnight. Japan's Nikkei fell 1.8%, while Indonesian shares and Hong Kong property stocks both slumped more than 3%, as did South Africa's bourse later. (T) The guaranteed returns of bond markets meant U.S. Treasuries were bid, especially at the long end, flattening the yield curve as investors braced for near-term hikes to hurt long-run growth - an outcome that would most likely slow or even reverse rate hikes. The benchmark 10-year Treasury yield, which moves inversely to prices, dropped to 2.82% on Thursday from over 3% at the start of the week, while Germany's 10-year yield, the benchmark for Europe, fell as much as 15 bps to 0.85%, its lowest in nearly two weeks. "I think a lot of it is catch up from what happened yesterday, and also there's still a lot of negative sentiment in the U.S. Treasury curve," said Lyn Graham-Taylor, senior rates strategist at Rabobank. The prospect of the fastest hike in Fed rates in decades is driving up the U.S. dollar and taking the heaviest toll on riskier assets that shot up through two years of pandemic-era stimulus and low-rate lending. The Nasdaq is down nearly 8% in May so far and more than 25% this year. Hong Kong's Hang Seng Tech index slid 1.5% on Thursday and is off more than 30% this year. Cryptocurrency markets are also melting down, with the collapse of the so-called stablecoin TerraUSD highlighting the turmoil as well as the selling in bitcoin and next-biggest-crypto, ether. A weakening growth picture outside the United States is battering investor confidence, too, as war in Ukraine threatens an energy crisis in Europe and lengthening COVID-19 lockdowns in China throw another spanner into supply chain chaos. Nomura estimated this week that 41 Chinese cities are in full or partial lockdowns, making up 30% of the country's GDP. Heavyweight property developer Sunac said it missed a bond interest payment and will miss more as China's real estate sector remains in the grip of a credit crunch. The yuan fell to a 19-month low of 6.7631 and has dropped almost 6% in under a month. [CNY/] The Australian dollar fell 0.8% to a near two-year low of $0.6879. The kiwi slid by even more to $0.6240. The euro drooped below $1.04 and the yen to 128.5 which kept the dollar index at a two-decade peak. Sterling was at a two-year low of just under $1.22 as well as economic data there caused worries and concerns grew that Britain's Brexit deal with the EU was in danger of unravelling again due to the same old problem of Northern Ireland's border. In commodity trade, oil wound back a bit of Wednesday's surge on growth worries. Brent crude futures fell 2.3% to $104.93 a barrel, while highly growth-sensitive metals copper and tin slumped over 3.5% and 9% respectively. That marked copper's lowest level since October. [MET/L]

dow taking a hit

By Geoffrey Smith Investing.com -- U.S. stock markets opened sharply higher on Tuesday, recovering around half the losses they made on Monday as fears of a global economic slowdown swept through world markets. By 9:36 AM ET (1336 GMT), the Dow Jones Industrial Average was up 417 points, or 1.3%, at 32,663 points. The S&P 500 was up 1.4% and the NASDAQ Composite was up 1.8%. Aside from the technical element of the rebound, stocks were supported by the absence of any fresh shocks from the first two appearances of the day by Federal Reserve officials, while two big acquisitions acted as a reminder that companies with strong balance sheets are able to thrive in the current environment - and that the recent selloff may have created some valuable buying opportunities. Pfizer (NYSE:PFE) stock rose 2.1% after it agreed to buy smaller rival Biohaven (NYSE:BHVN) for $11.8 billion, a premium of some 70% to Monday's close. Meanwhile, Duke Realty (NYSE:DRE) rose 15% after Prologis (NYSE:PLD) offered to buy it in an all-stock deal valuing it at just under $24 billion. Prologis stock rose 0.4%. New York Fed President John Williams gave no indication of wanting to raise interest rates faster than the Fed has already indicated and said he expected a "soft landing" for the economy with only a small rise in unemployment and around 2% gross domestic product growth this year. Cleveland Fed President Loretta Mester was also quoted by newswires as downplaying the risk of a sharp rise in unemployment, although she repeated that rates will have to rise above their 'neutral' level to bring inflation down to its 2% target. It wasn't all plain sailing, however. Peloton (NASDAQ:PTON) stock slumped another 20% to a new all-time low after reporting it lost over $750 million in the last three months, forcing it to borrow an equal amount to shore up its balance sheet while the hoped-for turnaround materializes. The stock was already down 90% from its peak and is now down 60% from its IPO price less than three years ago. Another fallen angel, AI-focused lender Upstart (NASDAQ:UPST), fell 56% as it was forced to slash its guidance for the coming year. Also falling heavily was Novavax (NASDAQ:NVAX), which slumped 12.4% after the company warned of low take-up for its COVID-19 vaccine from the low-income countries that it had targeted. It still upheld its previous guidance for 2022. Tesla (NASDAQ:TSLA) stock eked out a modest 2% gain after falling some 8% on Monday, held back by news that it has had to cut down production at its Shanghai factory again to barely 10% of capacity. Shanghai's lockdown, now in its eighth week in one form or another, has left the factory short of essential components.

Wall Street Opens Sharply Higher, Rebounding from Monday Rout; Dow up 410 Points

By Anshuman Daga SINGAPORE (Reuters) - Asian equities slipped to the lowest in nearly two years on Tuesday, before trimming losses, as investors fretted about the toxic cocktail of rising interest rates and weaker economic growth. Sentiment was supported by gains in U.S. stock futures, which turned positive after declining earlier. S&P 500 stock futures and Dow Jones futures both rose 0.6%, while Nasdaq futures gained 1.3%. Growing fears of recession and a slowdown in China dragged on commodity-linked currencies and oil prices, though safety flows kept the dollar near 20-year highs. MSCI's broadest index of Asia-Pacific shares ex-Japan traded down 0.8% in early afternoon but pared sharp losses struck earlier. The benchmark had fallen as much as 2.3% to 515.7, sliding for a seventh straight session and extending losses to 18% so far this year. "Chinese growth is facing significant headwinds, whether you look at official or private sector Purchasing Managers' Index," said Song Seng Wun, an economist at CIMB Private Banking. "Softening global growth is the persistent wall of worry for markets as investors look beyond the next 3-6 months. The view on growth momentum seems to be that revenge spending after the pandemic may be affected by higher borrowing costs," he said. Across Asia, share indexes recovered from the day's losses. The Nikkei lost 0.4%, Australian shares shed 1.1%, Korean stocks lost 0.5% and Taiwan equities edged up 0.1%. MSCI's Asian benchmark fell to the lowest since early July 2020. Chinese equities are the worst performers among major markets so far this year, recording losses of between 21 and 25%. Singapore and Indonesian stock indexes have, however, remained steady. Growth worries resurfaced after central banks in the United States, Britain and Australia raised interest rates last week and investors girded for more tightening as policymakers fight soaring inflation. Hong Kong's benchmark share index returned from a one-day holiday sharply lower on Tuesday and slumped more than 4% before halving losses. On Monday, Shanghai and Beijing tightened COVID-19 curbs which have already taken a heavy toll on the world's second-largest economy. China's export growth slowed to its weakest in almost two years, data showed, as the central bank pledged to step up support for the slowing economy Overnight, U.S. stocks extended Friday's bruising sell-off as investors rushed to protect themselves against the prospect of a weakening economy. [.N] "The idea of a benign and gentle tightening cycle has evaporated," ANZ analysts said in a report. "The reality is that the Fed cannot control the supply side of the economy in the short-run, so as long as key indicators like the labour force participation rate stay low and Chinese exports slow, the risk to inflation, and therefore interest rates, lies to the upside," ANZ said. Oil prices retreated again on demand worries as coronavirus lockdowns in China, the top oil importer, continued. Brent crude fell 0.9% to $105 a barrel and U.S. West Texas Intermediate crude declined 1% to $102 a barrel, adding to a 6% slump in the previous session. Both contracts are still up about 35% so far this year. Commodity-linked currencies including the Australian and Canadian currencies took a beating as oil prices fell. The Australian dollar dropped as low as $0.6920, its weakest since July 2020, having fallen 1.7% overnight. Lower oil prices also hit the Canadian dollar, which eased to C$1.3037 per dollar, its weakest since November 2020. The dollar index eased 0.2% to 103.5, having risen as high as 104.19 overnight, a fresh 20-year peak. U.S. Treasury yields, which have climbed sharply on expectations of aggressive tightening by the Federal Reserve, took a breather after Atlanta Fed President Raphael Bostic pushed back on suggestions of a massive 75 basis point rate hike at the Fed's next meeting.

By Alun John HONG KONG (Reuters) - Asian shares tumbled to their lowest in seven weeks on Friday and the dollar stood tall as investors globally shunned riskier assets over fears that higher U.S. interest rates and China's reinforcement of its zero-COVID policy could hit growth hard. MSCI's broadest index of Asia-Pacific shares outside Japan shed 2.65% on Friday and fell to its lowest level since March 16, the day when Chinese vice premier Liu He boosted shares by pledging to support markets and the economy. The benchmark is down 3.8% from last Friday's close, which would be its worst week since mid-March. Japan's Nikkei bucked the trend, rising 0.56% on its return from a three-day holiday. Chinese blue chips shed 2%, the Hong Kong benchmark lost 3.44%, and China's yuan tumbled to an 18-month low in both onshore and offshore markets. Dickie Wong, director of research at Hong Kong brokerage Kingston Securities, attributed the falls to the Wall Street plunge overnight amid worries about aggressive U.S rate hikes, as well as fears about the health of the Chinese economy. China will fight any comments and actions that distort, doubt or deny the country's COVID-19 response policy, state television reported on Thursday, after a meeting of the country's highest decision-making body. Investors said that appeared to rule out any easing in the zero-COVID policy, which is slowing Chinese economic growth and snarling global supply chains. "The silver lining is the expectation that new Chinese fiscal measures could come out over the weekend," Wong said. "That's the only thing giving Asian markets some support at their current low valuations." Overnight, the Dow Jones Industrial Average and the S&P 500 both fell more than 3%, and the Nasdaq Composite shed 4.99% in its biggest single-day plunge since June 2020. [.N] Things looked less dire in Europe, where regional share futures fell 0.25% and FTSE futures lost 0.27%. U.S. futures were flat. "Risks remain elevated for a policy mistake – either by (the Fed) not tightening quickly enough to combat inflation or being overly hawkish, resulting in the end of the current business cycle," said David Chao, global market strategist for APAC ex-Japan at Invesco. U.S. payroll data due later on Friday will help traders gauge how hot the economy is running. The market is pricing in an 87% chance of a monster 75 basis point rate hike from the Fed at its meeting in June, according to the CME's FedWatch tool. That's even after the Fed raised rates by 50 basis points this week and Chair Jerome Powell ruled out a 75 basis point hike. U.S. yields are rising on expectations of a fast pace of rate hikes. The yield on U.S. 10-year notes was last 3.065% after crossing 3.1% overnight for the first time since November 2018. [US/] As investors moved towards less risky assets, the dollar index was at 103.75 on Friday, having hit a fresh 20-year peak of 103.94 overnight supported by expectations the U.S. will hike interest rates faster than other central banks. (FRX) The dollar index is 0.43% higher this week, its fifth consecutive week of gains. Sterling was trading around its lowest level against the dollar in nearly two years after falling 2.2% on Thursday. The Bank of England raised rates by 25 basis points as expected, but two policy makers expressed caution about rushing into future rate hikes. Bitcoin, one of the risk-friendliest assets, tumbled 8% overnight, hitting a two-and-a-half-month low. It was last trading around $36,500. Oil prices shrugged off concerns about global economic growth as worries about tightening supply underpinned prices ahead of the European Union's impending embargo on Russian oil. Brent futures rose 0.6% to $111.57 a barrel. U.S. crude rose 0.64 % to $108.95 a barrel. [O/R] Gold was flat at $1876.4 an ounce. [GOL/]

$PTON seeking minority investment to shore up business per Dow Jones. Eyeing sale of 15-20% stake

Bitcoin drops to $35.5K as 1,000 point Dow correction marks the worst trading day since 2020 https://cointelegraph.com/news/bitcoin-drops-to-35-5k-as-1-000-point-dow-correction-marks-the-worst-trading-day-since-2020

dow down 800