US stocks sell-off as Fed dread deepens

All three major US benchmarks were lower in late morning trade on renewed, volatile selling. US bonds were steady. Gold, oil, iron ore and bitcoin were higher.

25/01/2022 7:33:00 PM

All three major US benchmarks were lower in late morning trade on renewed, volatile selling. US bonds were steady. Gold, oil, iron ore and bitcoin were higher.

All three major US benchmarks were lower in late morning trade on renewed, volatile selling. US bonds were steady. Gold, oil, iron ore and bitcoin were higher.

In a statement, the Omaha, Nebraska-based conglomerate said “we are planning for an in-person meeting” on April 30, while also webcasting the event for a seventh straight year.AdvertisementJ forecast as much as $US3.5 billion in sales of its COVID-19 vaccine in 2022, a 46 per cent jump for the shot that has fared poorly compared to rivals.

US consumer confidence “moderated” in January though remained steady. The Conference Board Consumer Confidence Index declined to 113.8 from 115.2 in December.The Expectations Index—based on consumers’ short-term outlook for income, business, and labour market conditions—declined to 90.8 from 95.4.

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US draws down Ukraine embassy presence as war fears mountThe State Department ordered the families of all American personnel at the US Embassy in Ukraine to leave the country amid heightened fears of a Russian invasion. A move designed to distract from the Dems failures at home and Biden’s mental impairment.

Assange US extradition appeal decision dueJulian Assange is set to find out whether he can take an appeal against the decision to extradite him to the United States to the United Kingdom's Supreme Court. 7NEWS Blood on his hands... 🙄 Where are you pathetic Australia govt.... where are you?

Forced rapid testing and mask mandates: How US schools are handling OmicronThe United States is now averaging more than 700,000 COVID-19 cases per day and schools are having to find new ways to stay open. USA, no mandatory rules, no check-ins, no masks, no sense, my cousin messaged me today, they are doing nothing because of BS conspiracy theories is complicit in misinformation spreading Its not mild 😡😡😡 The situations mentioned are best-practice schools. Most in US are not mandating masks, not enforcing social distancing, and parents are sending kids to school unwell. While our Aus plans might not be best, I'd hold them up to the US any day.

US orders families of Ukraine embassy staff to leave with fears Russia will invadeThe move comes amid rising tensions about Russia's military buildup on the Ukraine border that haven't eased following talks between Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov. The Democrats love a good war, don't they. Quick abc run the AUSTRALIA is going to war stories to scare the public into not changing government EU should not let the US negotiate with the RUS for them. The US will not pay a hefty price if there's a war, on the other hand, the EU will.

US diplomats' families to leave Ukrainian capital Kyiv amid Russia tensionsThe United States has ordered the families of its diplomats in the Ukrainian capital Kyiv to leave the country 'due to the continued threat' of a Russian invasion. Because of the encroachment of NATO further into Eastern Europe. Russia does not want to invade Ukraine. They just want to colonise it for the benefit of the natives as they have been doing for centuries in the West! Russian has to protect homeland

How the pandemic changed us ... in 17 graphsIn the two years since COVID-19 first arrived in Australia, the pandemic has changed how we work, where we live and what we do with our time and money.

IMF warns Fed hikes to hit struggling economies United States Warren Buffett’s Berkshire Hathaway plans this year to let shareholders attend the company’s annual meeting for the first time in three years, amid signs the Omicron wave may have peaked in the United States. In a statement, the Omaha, Nebraska-based conglomerate said “we are planning for an in-person meeting” on April 30, while also webcasting the event for a seventh straight year. 3M reported better-than-expected quarterly revenue and profit, as demand for its home improvement and personal safety products helped offset lower sales in the transportation and electronics unit, which is suffering from supply chain snarls. GE reported in a decline in quarterly revenue amid persistent global supply chain disruptions. Advertisement J & J forecast as much as $US3.5 billion in sales of its COVID-19 vaccine in 2022, a 46 per cent jump for the shot that has fared poorly compared to rivals. Verizon Communications said it added more-than-expected wireless subscribers that pay a monthly bill in the fourth quarter and expects a strong year ahead helped by increased adoption of 5G services. US data drop US consumer confidence “moderated” in January though remained steady. The Conference Board Consumer Confidence Index declined to 113.8 from 115.2 in December. The Present Situation Index—based on consumers’ assessment of current business and labour market conditions—improved to 148.2 from 144.8 last month. Advertisement The Expectations Index—based on consumers’ short-term outlook for income, business, and labour market conditions—declined to 90.8 from 95.4. Global data IMF has pared its growth forecast for 2022. “We project global growth this year at 4.4 per cent, 0.5 percentage point lower than previously forecast, mainly because of downgrades for the United States and China.” The IMF expects global growth to slow to 3.8 per cent in 2023, that’s a 0.2 percentage point increase from its previous forecast in October 2021. Advertisement Europe Asia IMF view on China: ”In China, disruption in the housing sector has served as a prelude to a broader slowdown. With a strict zero-COVID strategy leading to recurrent mobility restrictions and deteriorating prospects for construction sector employment, private consumption is likely to be lower than anticipated. “In combination with lower investment in real estate, this means that the growth forecast for 2022 is revised down relative to October by 0.8 percentage point, at 4.8 per cent, with negative implications for trading partners’ prospects.” The IMF asks will China’s real estate slowdown intensify? “A broader slowdown in China will affect global prospects, principally via spillovers to commodity exporters and emerging markets. The baseline assumes a significant moderation in real estate investment growth in 2022, reflecting continued tight policies to rein in risks related to leveraged property developers. “If the real estate slowdown intensifies further and balance sheet stresses spread beyond property developers, exposed banks and other financial intermediaries may be forced to shrink credit to the broader economy. Such an outcome would hold back investment and consumption, dragging overall growth lower with adverse implications for commodity exporters and other emerging markets.” Advertisement S & P Global on cryptocurrencies: ”Bitcoin’s recent tumble from its November 2021 highs is getting a lot of the headlines lately, but it’s still having a better 2022 than the broader cryptocurrency market. “The S & P Cryptocurrency Broad Digital Market Index (BDM) measures the performance of 350 digital coins including bitcoin, Ethereum, Binance Coin, Cardano and HEX. Year to date, the index has declined just over 25 per cent. When you strip out bitcoin and Ethereum, which together comprise nearly 70 per cent of the BDM’s market cap, that decline increases to 29.3 per cent. “In the longer term, the broader crypto market has significantly outperformed bitcoin in the last 12 months at a comparison of 115.6 per cent to 11.24 per cent. But expanding the timeline even further, the largest coins have returned more over the last three years than their smaller counterparts, speaking to the volatility of this digital asset class.” Commodities Iron ore futures in China and Singapore rose on Tuesday after Fortescue Metals Group raised concerns over a labour shortage in Australia because of COVID-19 curbs, which could hamper output and shipments of the steelmaking ingredient. Advertisement Iron ore’s most-traded May contract on China’s Dalian Commodity Exchange ended daytime trading 1.4 per cent higher at 766.50 yuan ($US121.14) a tonne, rising for a fifth straight day after overnight gains erased Monday’s daytime losses. On the Singapore Exchange, the most-active March contract was up 2.5 per cent at $US136.20 a tonne by 0704 GMT.