{"id":42047,"date":"2023-02-17T06:58:00","date_gmt":"2023-02-17T06:58:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=42047"},"modified":"2023-02-20T12:10:26","modified_gmt":"2023-02-20T12:10:26","slug":"morning-brief-futures-turn-lower","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/morning-brief-futures-turn-lower\/","title":{"rendered":"Morning Brief – Futures turn lower"},"content":{"rendered":"\t\t
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Hawkish rhetoric from Fed officials and further signs of an aggressive US, and Canadian, regulatory clampdown weighed, weighed on market sentiment during the Asian session.<\/p>

Futures markets also showed a strong downward bias January\u2019s producer price index (PPI). Headline PPI came in at a monthly increase of 0.7%, hotter than the 0.4% expected by economists.<\/p>

The US dollar<\/a> also continued to build upside momentum during the Asian session. Traders often prefer to flock to the greenback when market sentiment take a hit.<\/p>

Chinese shares also took a hit after Chair and CEO of China Renaissance, was reported as not contactable. Shares in the firm dropped as much as 50% in early Hong Kong trading.<\/p>

Asian equity markets were as follows, Japan\u2019s Nikkei 225<\/a> -0.6%, China\u2019s Shanghai Composite -0.1%, Hong Kong\u2019s Hang Seng<\/a> -0.6%, South Korea\u2019s KOSPI -1% and Australia\u2019s S&P\/ASX 200 down -0.8%<\/p>

Federal Reserve officials also made headlines Thursday with comments suggesting the central bank could be in for a long battle with inflation.<\/p>

Federal Reserve Bank of Cleveland President Loretta Mester said\u00a0she was open to another 0.50% hike, more than what her peers voted for during the last monetary policy meeting.<\/p>

Meanwhile, Federal Reserve member James Bullard\u00a0said he favours additional rate hikes amid sticky inflation at the Fed’s March meeting.<\/p>

Bullard said he favoured bringing up the federal funds rate to 5.375% as soon as possible, up from a current level of 4.50%-4.75%.<\/p>

Economists at JPMorgan<\/a> raised their Q1 GDP projection to 2% from 1% on the news, noting that the acceleration in retail sales adds to \u201cthe goldilocks view of growth without inflation.\u201d<\/p>

Individual investors have been snapping up stocks at the fastest pace on record as US equity markets have charged higher to start the year.<\/p>

Over the past month, retail investors funnelled an average of $1.51 billion each day into US stocks, the highest amount ever recorded, according to data from research firm VandaTrack published Thursday.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Hawkish rhetoric from Fed officials and further signs of an aggressive US, and Canadian, regulatory clampdown weighed, weighed on market sentiment during the Asian session. Futures markets also showed a strong downward bias January\u2019s producer price index (PPI). Headline PPI came in at a monthly increase of 0.7%, hotter than the 0.4% expected by economists. […]<\/p>\n","protected":false},"author":4,"featured_media":42049,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[42,217,150,620,67],"yoast_head":"\nMorning Brief - Futures turn lower - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/morning-brief-futures-turn-lower\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Brief - Futures turn lower Morning Brief - Futures turn lower\" \/>\n<meta property=\"og:description\" content=\"Hawkish rhetoric from Fed officials and further signs of an aggressive US, and Canadian, regulatory clampdown weighed, weighed on market sentiment during the Asian session.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/morning-brief-futures-turn-lower\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-17T06:58:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-20T12:10:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/02\/GettyImages-1295720388.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"723\" \/>\n\t<meta property=\"og:image:height\" content=\"419\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Morning Brief - 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