Asian Stocks Fall as AI Fears and Oil Surge Hit Markets 
China’s Slower Loan Growth Becomes ‘New Normal’ as Credit Demand Weakens 
Houthis Escalate Saudi Attacks as Red Sea Oil Risks Grow 
Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets 
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets 
Hong Kong Unveils First Five-Year Plan to Boost Finance, Tech and Housing 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Asian Tech Stocks Slide as AI Concerns and Rising Bond Yields Hit Chipmakers 
Asian Stocks Rise as Investors Brace for Fed Rate Decision 
Add as a preferred source on Google
The German bunds continued to trade flat during European session Tuesday amid silent trading hours that barely witnessed any data of major economic significance ahead of the country’s gross domestic product (GDP) for the third quarter of this year and November month manufacturing PMI, both scheduled to be released on November 22 by 07:00GMT and 08:30GMT respectively.
The German 10-year bond yield, which move inversely to its price, hovered around -0.332 percent, the yield on 30-year note traded flat at 0.157 percent and the yield on short-term 2-year too remained steady at -0.629 percent by 09:30GMT.
Global risk appetite is likely to be more muted as market hopes for the US-China trade deal was pared back after a CNBC reported that Beijing was pessimistic, OCBC Treasury Research reported.
The meeting between US President Donald Trump and Fed Chair Jerome Powell to discuss the economy, interest rates, low inflation, dollar strength, trade etc was said to be “good and cordial”, but did little to stir markets as Powell “did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming information that bears on the outlook for the economy”, the report added.
Meanwhile, the German DAX edged 1 percent higher to 13,330.24 by 09:35GMT.
