Asian shares, U.S. futures slide as traders fret about Ukraine, rate rises

1/25/2022 9:35:00 AM

Asian shares, U.S. futures slide as traders fret about Ukraine, rate rises

Asian shares, U.S. futures slide as traders fret about Ukraine, rate rises

Asian shares and U.S. futures tumbled on Tuesday after a tumultuous Wall Street session, with investors nervous about the situation in Ukraine and eyeing the U.S. Federal Reserve amid worries about a move to tighter monetary policy globally.

added 0.63%.Keeping traders on their toes, the Federal Reserve will begin its two-day meeting later on Tuesday, with investors starting to speculate that there is a small possibility that they will announce a surprise rate hike.Investors are also anxiously looking out for any hints about the timing and pace of rate hikes expected later this year. Money markets are priced for a first rate hike in March, with three more quarter-point increases by year-end.

However, U.S. benchmark Treasuries were sitting out some of the speculation. Yields on benchmark 10 year notes were at 1.76%, steady on the day, having finished a choppy day of trading Monday near where they started.Singapore's central bank also tightened monetary policy on Tuesday in an out-of-cycle move.

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That's nice of the US to share it's playground equipment with Asia