London, Tuesday, 15 February 2022 -
US Markets summary
As fears of an impending conflict in Europe faded, all three major US market indices returned on Tuesday, with the Dow Jones closing 421 points higher, the S&P 500 up 1.6 percent, and the Nasdaq outperforming with a 2.5 percent gain.
While certain Russian military regional units have concluded their exercises and begun returning to bases, President Putin stated that he intended to negotiate security guarantees through diplomatic channels.
Meanwhile, even as producer prices climbed faster than predicted, the Fed's imminent tightening cycle took a back seat. Industrials, technology, and basic materials led advances across the board, while oil stocks and utilities finished lower.
Marriott International Inc.'s fourth-quarter earnings beat market estimates, thanks to leisure travel. Traders are now looking for signs regarding the timing and amount of future rate hikes in the FOMC minutes, which will be released on Wednesday.
European Markets summary
On Tuesday, European bourses regained ground, with the STOXX 600 index ending a three-day losing trend after news that some Russian troops have begun returning to headquarters.
Some Southern and Western military districts units have concluded their drills and began returning to bases, signalling a de-escalation of the military build-up near Ukraine's border, according to Russian Defense Ministers.
Despite Omicron, the UK jobs report revealed that the job market remained solid in January, with employees on employers' payrolls growing by 108,000 over the previous month.
The biggest gainer on the STOXX index was Delivery Hero, which gained over 14%.
Temenos, a Swiss banking software business, plummeted roughly 8% to the bottom of the European blue-chip index after missing fourth-quarter profit estimates.
In Germany, the DAX 30 index rose nearly 2% to break beyond the 15,400 milestone.
U.S. Stock Market Indexes as at 4:00 p.m. ET
S&P 500: +69.33 (+1.58%) to 4,471.00
Nasdaq: +348.84 (+2.53%) to 14,139.76
Dow Jones: +422.14 (+1.22%) to 34,988.31
European Stock Market Indexes
STOXX Europe 600: +6.07 (1.32%) at 467.03 as on Feb 15, 5:30 PM GMT+1
FTSE 100 in London: +77.33 (1.03%) at 7,608.92 as on Feb 15, 4:35 PM GMT
DAX 30 in Germany: +298.74 (1.98%) at 15,412.71 as on Feb 15, 5:55 PM GMT+1
CAC 40 in France: +127.77 (1.86%) at 6,979.97 as on Feb 15, 6:05 PM GMT+1
FTSE MIB 30 in Italy: +552.57 (2.09%) at 26,967.98 as on Feb 15, 5:35 PM GMT+1
IBEX 35 in Spain: +144.20 (1.68%) at 8,718.00 as on Feb 15, 5:38 PM GMT+1
Ten-year U.S. Treasury note: +4.9 bps to yield 2.0450% as at 4:00 p.m. ET
Dollar index: -0.39 or -0.40% at 95.98 as on Feb 15, 2022 at 5:07 p.m. EST
VIX volatility index: −2.63 (9.28%) at 25.70 as on Feb 15, 3:15 PM CST
Brent crude: +0.27 or +0.29% at $ 93.53 per barrel as on Feb 15, 2022 at 10:09 p.m. GMT
West Texas Intermediate: +0.19 or + 0.21% at $ 92.26 per barrel as on Feb 15, 2022 10:08 p.m. GMT
Gold: -17.73 or -0.95% at $ 1,853.58 an ounce as on Feb 16, 17:23 NY Time
Silver -0.45 or -1.88% at $ 23.37 an ounce as on Feb 16, 17:23 NY Time
Bitcoin: +1,532.90 (3.60%) at $ 44,081.50 as on Feb 15, 10:20 PM UTC
Ethereum: +189.81 (6.48%) at $ 3,120.84 as on Feb 15, 10:25 PM UTC
(Written and edited by: The Decision Maker)