Washington (Reuters) – Shares A.S. Asked Tuesday behind the stronger than the company’s expected revenue, but gloomy estimates on global economic growth encouraged the yield of bonds and drove oil.
This technology heavy Nasdaq leads the way for profits in the M.S market, because many companies begin to report stronger than expected income. The report helps investors release warnings from global fortune teller of economic growth slowdown, which weigh on other sectors such as bonds and oil.
Of the 49 companies in the S & P 500 that have reported quarterly income on Tuesday, almost 80% have earnings estimates, per refinitiv data.
The average Dow Jones industry rose 1.45%, the S & P 500 rose 1.61% and the Nasdaq composite jumped 2.15%.
The MSCI World Equity Index, which tracks shares in 45 countries, rose 0.81%.
The surge came even when the global economic body began airing warnings on economic growth. Both the World Bank and the International Monetary Fund cut their global economic outlook with 2022 with almost a full percentage of points, quoting chaos from Russian invasion to Ukraine and battles thrown against inflation throughout the world.
Today’s battle by the central bank around the world to curb inflation continues to improve the bond market, where the US Treasury results continue to move up.
Graph: Yield Dividend.
The Federal Reserve seems to raise interest rates by 50 basis points when meeting next month and the 75 basis point increase has not been ruled out as Fed officials fight for inflation to reduce inflation.
Federal Reserve President St. Louis James Bullard repeated his case to raise interest rates to 3.5% by the end of the year on Monday, adding to the increase in points 75 should not be discounted, even though this is not the basic case.
“There are developing speculations, federal reserves will look up that level tightens monetary policy,” said David Madden, market analyst at Equiti Capital. “The results of US bonds move higher at high speed.”
The 10-year benchmark the last treasury was 2.942%, a little after reaching the highest level in three years.
The dollar index rose above 101 for the first time since March 2020, because the greenback reached a height of 20 years against the yen and tested the two-year peak in the euro. The last index rose 0.2% to 100,986.
The worries of growth were weighed on the oil market on Tuesday, reversing a recent increase in commodities in the midst of some concerns about global supply.
Brent crude fell 5.35%, at $ 107.11 per barrel. Crude oil A.S. Down 5.34% at $ 102.43 a barrel.
The price of gold was lower after approaching $ 2,000 an ounce during the Monday session. Spot Gold fell to $ 1,948.31 an ounce, down 1.52% for the day.