17 Feb , 2022 By : monika singh
U.S. equity futures fell and Asian stocks were mixed Thursday as traders weighed geopolitical concerns and the likely path for Federal Reserve interest-rate increases.
Shares slipped in Japan, jumped in South Korea and fluctuated in Hong Kong, where reports suggest authorities are preparing mass testing to fight Covid. U.S. contracts dipped after the S&P 500 managed a small gain Wednesday.
Treasuries climbed, the dollar was steady and gold held a recent rally. Traders were digesting the U.S. rejection of Russia’s claims of a troop pullback from Ukraine’s border. The Kremlin has repeatedly denied any plans to invade.
Oil slid amid signs an Iranian nuclear deal is getting closer, which could pave the way for a resumption of official exports from the Persian Gulf producer. Crude lately has also been whipsawed by supply worries stemming from the Russian troop buildup.
The latest Fed minutes showed officials concluded they would start raising rates soon and were on alert for persistent inflation that would justify faster tightening. There were few new details on balance-sheet runoff plans.
Here are some key events this week:
Some of the main moves in markets:
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