London, Tuesday, 25 January 2022 -
US Markets summary
On Tuesday, the major US stock market indexes maintained their downward trend in another choppy day, as investors await the FOMC's monetary policy decision tomorrow and absorb mixed earnings reports.
After losing 800 points, the Dow Jones was down less than 100 points, the S&P 500 was down 1.2 percent, and the tech-heavy Nasdaq Composite was down 2.3 percent.
European Markets summary
Upbeat earnings from Ericsson and Logitech provided some support against concerns over a highly anticipated US Fed monetary policy decision on Wednesday and Russia-Ukraine tensions, as European equities closed modestly higher on Tuesday, following their biggest sell-off since June 2020. The DAX in Frankfurt gained 0.8 percent, while the Stoxx 600 in Europe gained 0.7 percent, with banks leading the way with a gain of 2.9 percent, while IT stocks lost 0.8 percent.
On the business front, Logitech International (+6.2%), a Swiss computer peripherals producer, boosted its earnings prediction for the upcoming fiscal year, while Ericsson (+7.6%) posted fourth-quarter core results that beat market expectations.
Credit Suisse (-0.9%), on the other hand, cautioned that it will likely report a net loss in the fourth quarter due to new litigation costs. In terms of economic indicators, German business sentiment improved for the first time in seven months in January.
U.S. Stock Market Indexes
S&P 500: -53.68 (-1.22%) to 4,356.45
Nasdaq: -315.83 (-2.28%) to 13,539.29
Dow Jones: -67.76 (-0.20%) to 34,296.74
European Stock Market Indexes
STOXX Europe 600: +3.66 (0.80%) at 460.02 as at Jan 25, 5:30 PM GMT+1
FTSE 100 in London: +74.31 (1.02%) at 7,371.46 as at Jan 25, 4:35 PM GMT
DAX 30 in Germany: +112.74 (0.75%) at 15,123.87 as at Jan 25, 5:55 PM GMT+1
CAC 40 in France: +50.17 (0.74%) at 6,837.96 as at Jan 25, 6:05 PM GMT+1
FTSE MIB 30 in Italy: +55.99 (0.22%) at 26,028.89 as at Jan 25, 5:35 PM GMT+1
IBEX 35 in Spain: +61.70 (0.73%) at 8,479.50 as at Jan 25, 5:38 PM GMT+1
Other markets
Ten-year U.S. Treasury note: +4.8 bps to yield 1.7830%
Dollar index: +0.06 or 0.06% at 95.97as at Jan 25, 2022 at 4:19 p.m. EST
VIX volatility index: +1.26 (4.21%) at 31.16 as at Jan 25, 3:15 PM CST
Oil prices
Brent crude: -0.28 or -0.32% at $87.92 per barrel
West Texas Intermediate: +1.92 or +2.30% at $85.25 per barrel
Precious metals
Gold: +4.57 or +0.25% at $1,847.94 an ounce
Silver: -0.13 or -0.55% at $23.82 an ounce
Cryptocurrencies
Bitcoin: −169.90 (0.46%) at $36,531.60 as at Jan 25, 9:30 PM UTC
Ethereum: −25.74 (1.05%) at $2,416.52 as at Jan 25, 9:30 PM UTC
(Written and edited by: The Decision Maker)
