Market Live: SGX Nifty signs off negative for Indian indices

SGX Nifty futures are trading 59.50 points (0.35%) down at 16,997.50 in opening deals

US futures, stocks fall after Wall Street volatility

US equity futures and Asian stocks fell on Tuesday after breathtaking volatility on Wall Street on concerns of a tightening Federal Reserve’s policy and geopolitical tensions.

The S&P 500 and Nasdaq 100 contracts retreated nearly 1%, while the Asia-Pacific stock gauge hit the lowest point since November 2020. US shares closed 4% lower on Monday in a wild turnaround from a sell-off with higher volumes that rivaled any rival. of the last two years.

Treasuries were mixed, with the benchmark 10-year yield lower. In order to avoid risk, the oil stagnates after flowing.

Markets are getting upset with the Fed interest rate hiking cycle and the prospect of a balance sheet shrinking to tackle inflation. Rising US-Russia tensions over Ukraine have also fueled the demand for safe havens. The dollar continued to rise.

In Australia, bonds fell after higher-than-expected inflation data as traders raised bets on rate hikes. The Singapore dollar strengthened on sudden monetary-policy tightening to ease price pressure.

Global stocks are enduring their worst month since the pandemic ravaged markets, fueled by the risk of Fed stimulus as well as an uneven start to the company’s earnings season. The question now is whether the slide is a buying opportunity or reflects broader tensions across more asset classes.