Wall Street shakes off Fed, Ukraine anxiety as oil dips

1/25/2022 5:30:00 AM

All three major US stock indices close in positive territory on Monday, January 24, after the Dow Jones Industrial Average had posted an over 1,000-point decline earlier in the day

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All three major US stock indices close in positive territory on Monday, January 24, after the Dow Jones Industrial Average had posted an over 1,000-point decline earlier in the day.

All three major US stock indices close in positive territory on Monday, January 24, after the Dow Jones Industrial Average had posted an over 1,000-point decline earlier in the day

All three major US stock indices closed the day in positive territory, after the Dow Jones Industrial Average had posted an over 1,000-point decline earlier in the day.The Dow ended up 0.29%, while the S&P 500 gained 0.28% and the Nasdaq Composite added 0.63%.

The MSCI world equity index, which tracks shares in 45 nations, was down 0.78%.The late gains marked a surprising turnaround for US stocks, which were battered last week, posting their heaviest losses since 2020. The decline potentially enticed bargain hunters to help push them higher Monday, January 24.

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US seeks way to speed delivery of new fighter jets to Taiwan - BusinessWorld OnlineWASHINGTON — The United States is looking for ways to potentially accelerate delivery of Taiwan’s next generation of new-build F-16 fighter jets, US officials said, bolstering the Taiwanese air force’s ability to respond to what Washington and Taipei see as increasing intimidation by China’s military. The officials, speaking on condition of anonymity, said they have […]

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WASHINGTON, USA – A tumultuous day on Wall Street saw stocks end higher after posting heavy losses earlier in the day, as uncertainty over rising geopolitical tensions and Fed policy weighed down oil and boosted safe havens.Linkedin F-16 fighter jets WASHINGTON — The United States is looking for ways to potentially accelerate delivery of Taiwan’s next generation of new-build F-16 fighter jets, US officials said, bolstering the Taiwanese air force’s ability to respond to what Washington and Taipei see as increasing intimidation by China’s military.Reuters / 11:04 AM January 24, 2022 Airmen and civilians from the 436th Aerial Port Squadron palletize ammunition, weapons and other equipment bound for Ukraine during a foreign military sales mission at Dover Air Force Base, in Delaware, U.The flights by the People's Liberation Army aircraft came a day after the United States and Japanese navies put on a massive show of force in the Philippine Sea, putting together a flotilla that included two US Navy aircraft carriers, two US amphibious assault ships and a Japanese helicopter destroyer, essentially a small aircraft carrier.

All three major US stock indices closed the day in positive territory, after the Dow Jones Industrial Average had posted an over 1,000-point decline earlier in the day. The Dow ended up 0. The aircraft are currently slated to be delivered by the end of 2026.29%, while the S&P 500 gained 0. U.28% and the Nasdaq Composite added 0. Biden, Jr.63%. Karl Thomas, commander of the US 7th Fleet based in Japan, said in a tweet.

The MSCI world equity index, which tracks shares in 45 nations, was down 0. More missions mean more wear-and-tear on Taiwan’s aircraft. Washington has said it would continue to support Ukraine amid concerns in Kyiv and among its Western allies over tens of thousands of Russian troops amassed on its border.78%. The late gains marked a surprising turnaround for US stocks, which were battered last week, posting their heaviest losses since 2020. The F-16 is considered a highly maneuverable aircraft proven in air-to-air combat and air-to-surface attack. The decline potentially enticed bargain hunters to help push them higher Monday, January 24. About 90 tons of “lethal security assistance,” including ammunition, from the package approved by the U. “Recent bearishness in equities is overdone, and out of line with activity momentum, easing bottlenecks, and what we expect to be a strong earnings season,” wrote JPMorgan analysts in a midday note. It would bring the island’s total number of F-16s, including older versions, to more than 200 by 2026. The US Federal Aviation Administration defines an ADIZ as"a designated area of airspace over land or water within which a country requires the immediate and positive identification, location and air traffic control of aircraft in the interest of the country's national security.

The market tumult came as NATO said on Monday it was in response to Russia’s military buildup at Ukraine’s borders. The US State Department on Sunday, January 23, ordered diplomats’ family members to leave Ukraine , while President Joe Biden weighed options for boosting US military assets in the region. “That’s a Biden administration decision,” said Rupert Hammond-Chambers, the president of the US-Taiwan Business Council, an organization that encourages trade and business ties between the two. FEATURED STORIES. Attention is also turning to the US Federal Reserve, which kicks off a two-day policy meeting on Tuesday, January 25. Investors are watching the central bank as closely as ever, as Fed officials look to unwind unprecedented stimulus and begin a path toward future rate hikes.” The Block 70 aircraft are the newest F-16 configuration, with new avionics, a modernized cockpit, and an improved engine, according to Lockheed Martin. “Investors are accepting the harsh reality that the end of the ultra-easy monetary policy is upon us..

This week the Federal Reserve meets and while we expect no changes at this meeting, the market is pricing in a full quarter point increase in March,” said Megan Horneman, director of portfolio strategy at Verdence Capital Advisors. “It is yet another clear signal of US determination to support Taiwan’s ability to defend itself,” added Mr. The risk-off attitude was evident in oil markets, as prices dipped by as much as 3% after closing Friday, January 21, with a fifth straight week of gains. Brent crude fell $1. DWARFED BY CHINA Despite lacking formal diplomatic ties with Taiwan, the United States is the island’s main international backer and arms supplier.62, or 1.8%, to $86. In the face of Chinese pressure, Taiwan President Tsai Ing-wen has prioritized modernizing the armed forces, which are well-armed but dwarfed by China’s military.

27 a barrel, while US West Texas Intermediate crude settled down $1.83, or 2. The US State Department, which oversees foreign military sales, declined to comment on any internal discussions about potential changes to the delivery timeline.2%, to $83.31. The US government has not asked Lockheed Martin for delivery timeline changes for the Taiwanese F-16 jets, a person familiar with the situation said. Other riskier assets felt pressure as well.

Bitcoin hit a six-month low Wednesday, January 19, but was up slightly late Monday to $36,921, still well below the November all-time high of $69,000. Any such effort would be complicated by production constraints, which include long lead times to source materials for Taiwan’s specific configuration of fighter aircraft. Fed tightening looms Concerns that the Fed could tighten too quickly at its meeting this week added to investor nerves. The US central bank is expected to confirm that it will soon start draining the massive pool of liquidity that has supercharged growth stocks in recent years.” The US sale of F-16s to Taiwan was guided by US law and “based on an assessment of Taiwan’s defense needs and the threat posed by (China), as has been the case for more than 40 years,” a Pentagon spokesperson said in a statement. Treasury yields were down on most maturities Monday. The benchmark US 10-year yield was flat on the day at 1. Over time, fuel costs, pilot fatigue and wear and tear on Taiwanese aircraft will threaten the readiness of the island’s air force if this pressure continues, Taiwanese and US military analysts said.

7511%, after earlier hitting an 11-day low of 1.7070%. Taiwan’s air force last week suspended combat training for its entire F-16 fleet after a recently upgraded model of the fighter jet crashed into the sea in the latest of a series of accidents. Fears over the Fed and Ukraine boosted safe haven investments. The dollar hit a two-week high against a basket of currencies, last up 0. Taiwan’s air force in 2020 scrambled 2,972 times against Chinese aircraft at a cost of T$25.26%.

Spot gold prices also jumped 0. — Phil Stewart, Idrees Ali and Yimou Lee/Reuters.55% to $1,843.26 an ounce. – Rappler.com .