Berliner Boersenzeitung - Global stocks sink on US inflation surge

EUR -
AED 3.917574
AFN 76.742265
ALL 101.29178
AMD 420.105081
ANG 1.92121
AOA 892.804731
ARS 929.329717
AUD 1.657623
AWG 1.92001
AZN 1.816187
BAM 1.958154
BBD 2.152368
BDT 116.990655
BGN 1.955332
BHD 0.402084
BIF 3054.801347
BMD 1.066672
BND 1.45216
BOB 7.381875
BRL 5.578792
BSD 1.065972
BTN 88.986386
BWP 14.805801
BYN 3.488562
BYR 20906.779677
BZD 2.148763
CAD 1.463832
CDF 2992.016024
CHF 0.972162
CLF 0.037078
CLP 1023.088489
CNY 7.726016
CNH 7.73426
COP 4175.35057
CRC 535.34363
CUC 1.066672
CUP 28.266819
CVE 110.397728
CZK 25.241948
DJF 189.826444
DKK 7.461251
DOP 62.90563
DZD 143.564975
EGP 51.700554
ERN 16.000086
ETB 60.569521
FJD 2.425453
FKP 0.856284
GBP 0.861301
GEL 2.842664
GGP 0.856284
GHS 14.338238
GIP 0.856284
GMD 72.424532
GNF 9164.103676
GTQ 8.290968
GYD 223.028141
HKD 8.3558
HNL 26.317641
HRK 7.552212
HTG 141.410677
HUF 394.073061
IDR 17306.173547
ILS 4.013195
IMP 0.856284
INR 88.973868
IQD 1396.465843
IRR 44866.909047
ISK 150.529045
JEP 0.856284
JMD 166.139745
JOD 0.756058
JPY 165.078133
KES 140.182376
KGS 94.951448
KHR 4332.228833
KMF 493.415969
KPW 960.005563
KRW 1471.39991
KWD 0.32875
KYD 0.88836
KZT 475.647399
LAK 22730.114731
LBP 95459.974109
LKR 321.954059
LRD 206.081336
LSL 20.427026
LTL 3.149606
LVL 0.645219
LYD 5.201205
MAD 10.799184
MDL 19.091775
MGA 4699.650267
MKD 61.627851
MMK 2238.570388
MNT 3680.020261
MOP 8.60044
MRU 42.349126
MUR 49.632536
MVR 16.479962
MWK 1847.821588
MXN 18.165745
MYR 5.104038
MZN 67.733315
NAD 20.426585
NGN 1147.472663
NIO 39.237542
NOK 11.746518
NPR 142.378178
NZD 1.804815
OMR 0.410627
PAB 1.065982
PEN 3.977382
PGK 4.05087
PHP 61.324048
PKR 296.669678
PLN 4.304531
PYG 7886.407688
QAR 3.88322
RON 4.976031
RSD 117.150557
RUB 100.153469
RWF 1374.552589
SAR 4.001304
SBD 9.002898
SCR 15.048606
SDG 625.070171
SEK 11.63521
SGD 1.45205
SHP 1.347687
SLE 24.370588
SLL 22367.591482
SOS 609.603536
SRD 36.829027
STD 22077.965749
SVC 9.327126
SYP 2680.046881
SZL 20.493639
THB 39.434593
TJS 11.646102
TMT 3.74402
TND 3.361051
TOP 2.55356
TRY 34.783013
TTD 7.238635
TWD 34.819176
TZS 2752.014554
UAH 42.442327
UGX 4061.883497
USD 1.066672
UYU 40.929208
UZS 13535.273106
VEF 3864076.923726
VES 38.71666
VND 27147.346743
VUV 126.637525
WST 2.990532
XAF 656.746589
XAG 0.038311
XAU 0.000451
XCD 2.882736
XDR 0.809473
XOF 656.740425
XPF 119.331742
YER 267.041519
ZAR 20.358542
ZMK 9601.3306
ZMW 27.369649
ZWL 343.468088
  • SLAC

    0.0050

    10.305

    +0.05%

  • CMSC

    0.0100

    23.9

    +0.04%

  • SCS

    0.1100

    11.94

    +0.92%

  • GSK

    0.4800

    39.75

    +1.21%

  • RIO

    0.2900

    66.97

    +0.43%

  • AZN

    0.1900

    68.55

    +0.28%

  • BCC

    -1.0500

    133.6

    -0.79%

  • NGG

    -0.0600

    65.38

    -0.09%

  • BCE

    0.3800

    32.59

    +1.17%

  • BP

    0.6000

    38.52

    +1.56%

  • BTI

    0.2300

    29.05

    +0.79%

  • RELX

    -0.3600

    41.07

    -0.88%

  • JRI

    0.0400

    10.95

    +0.37%

  • RBGPF

    0.1400

    51.75

    +0.27%

  • CMSD

    0.0900

    24.3

    +0.37%

  • VOD

    0.0600

    8.34

    +0.72%

  • RYCEF

    -0.0750

    4.885

    -1.54%

Global stocks sink on US inflation surge
Global stocks sink on US inflation surge

Global stocks sink on US inflation surge

World stock markets fell Friday on fears the Federal Reserve will move more aggressively to tighten monetary policy to tame decades-high inflation.

Text size:

London equities also slid as investors set aside rebounding 2021 economic growth to focus on shrinking December activity in the wake of the Omicron Covid variant.

The UK economy grew by a record 7.5 percent last year to rebound from the pandemic crash, but shrank by a modest 0.2 percent in the final month, official data showed.

In the eurozone, Frankfurt and Paris stocks banked lower, mirroring Asia after overnight Wall Street losses.

The euro retreated versus the dollar, while oil prices rose after the International Energy Agency lifted its world oil demand forecast.

- US inflation shock -

"It's been quite a week for the markets with a shock from US inflation growing faster than expected," said investment director Russ Mould at stockbroker AJ Bell.

"Now we've got confirmation that Omicron tripped up the UK economy in December, albeit by a smaller amount than forecast."

Wall Street equities tumbled on Thursday as markets bet that the latest inflation data would spark swift action from the Fed.

The 7.5-percent jump in US consumer prices last month was the fastest in 40 years and reinforced fears that the central bank is falling behind the curve in keeping it under control.

Sentiment was also hit by remarks from Fed official James Bullard, who said he wanted to see interest rates lifted one percentage point by the start of July.

The St Louis Fed boss said he was in favour of a 50 basis point lift next month -- double the usual rise and the first since 2000 -- and two more after that.

"I'd like to see 100 basis points in the bag by July 1," Bullard, who has a vote on policy this year, told Bloomberg News. "I was already more hawkish but I have pulled up dramatically what I think the committee should do."

He added: "I do not think it is shock and awe.

"I think it is a sensible response to a surprise inflationary shock that we got during 2021 that we did not expect."

Bullard also said he was open to a very rare announcement of rate hikes between meetings, which further rattled traders who fretted about a move before March, while calling for the quick reduction of the bank's bond holdings that have helped keep rates subdued.

US Treasuries -- a guide to future borrowing costs -- have risen above two percent and analysts are predicting up to seven Fed rate hikes this year.

Separately on Friday, the IEA ramped up its 2022 demand outlook to 100.6 million barrels of crude oil per day, an increase of 3.2 million, as governments further ease Covid restrictions.

- Key figures around 1120 GMT -

London - FTSE 100: DOWN 0.8 percent at 7,612.98 points

Frankfurt - DAX: DOWN 0.7 percent at 15,386.18

Paris - CAC 40: DOWN 1.2 percent at 7,017.45

EURO STOXX 50: DOWN 1.1 percent at 4,149.77

Hong Kong - Hang Seng Index: DOWN 0.1 percent at 24,906.66 (close)

Shanghai - Composite: DOWN 0.7 percent at 3,462.95 (close)

Tokyo - Nikkei 225: Closed for a holiday

New York - Dow: DOWN 1.5 percent at 35,241.59 (close)

Euro/dollar: DOWN at $1.1384 from $1.1428 late Thursday

Pound/dollar: DOWN at $1.3548 from $1.3557

Euro/pound: DOWN at 84.03 pence from 84.29 pence

Dollar/yen: UP at 116.05 yen from 116.01 yen

Brent North Sea crude: UP 0.4 percent at $91.73 per barrel

West Texas Intermediate: UP 0.4 percent at $90.26 per barrel

(T.Renner--BBZ)