Global currencies come down on weekends that are driven by monetary policy

U.S. stocks plummeted on Friday over the weekend when several major banks acknowledged the risks posed by rising prices and the variability of Omicron coronavirus.

In New York, the benchmark S&P 500 fell by 1%, lost after five flexible business segments up to 1.9 percent.

The tech-heavy Nasdaq Composite was also flogged the worst trading day from the end of September Thursday, the end of the trading day decreases slightly. The index, which includes Apple and Tesla, fell 2.9 percent a week.

The push-and-pull within the $ 53tn US retail market comes as policymakers at several key banks are beginning to change policies and remove startup programs that were established at the beginning of the epidemic.

US Federal Reserve this week he promised to speed up its $ 120bn-a-month purchase program, which is due to end in March and not June, with policymakers predicting interest rates that need to rise threefold next year if rising inflation confirms. persistence.

“While there is some clear evidence for the Fed’s growth, there is considerable uncertainty as to when the Fed will start rising prices – and this fears it could happen in the spring,” said Kristina Hooper, a senior global market analyst for Invesco. “Major decisions today add to the tension.”

The change has led to strong market volatility, with investors investing in portfolios to make the country more financially stable. S&P 500 stocks in strong, technical, industrial and consumer groups are all about to make recent trades, and hundreds of U.S. stock companies have gone down for 52 weeks this week.

Marko Kolanovic, a specialist with JPMorgan Chase, said that in the last four weeks a small cup and a large quantity of goods entered the preparation phase, when the US figure was 28 percent lower than its base, although benchmarks were 20. percent or more per annum.

“Such a difference is not known to us,” he said.

Yields at the US Treasury for 10 years did not change slightly on Friday at 1.41 percent.

Bank of England on Thursday moved to raise interest rates from 0.1% to 0.25% in an attempt to lower inflation. Markets now generate about 70 percent of the price for the BoE to raise prices at the next round.

Later on Thursday, the European Central Bank said it would also reduce its bond-buying program during the epidemic due to rising prices, although officials have indicated they will not be able to raise prices until 2023.

“It is slowly reducing its epidemic support even though the epidemic is still with us,” said Gergely Majoros, a member of the European Carmignac finance committee. “The decline in prices, is still there, and the question now is whether additional aid could come from if things do not go well.”

The Stoxx 600 index across the region fell 0.6 percent on Friday, while the London FTSE 100 rose 0.1 percent. Dax of Germany and Cac 40 of France both closed. All four indices ended last week.

Of the three central bank statements, it was the BoEs that were most surprised. Bank of America wrote in a letter that it thought UK officials would wait for “Omicron’s information” before raising prices.

“When that happens, the economic data this week – the rise of hawkish prices and labor market data – seems to have dominated the BoE’s sentiment,” it said.

In Asia, Hong Kong’s Hang Seng dropped by 1.2% and the Nikkei 225 in Tokyo dropped by 1.8%.

In monetary terms, the Turkish lira fell 5 percent to sell at 16.42 dollars, just a day after the central bank cut prices for the fourth consecutive month despite rising inflation. The dollar index, which follows the greenback trend against the other six, rose 0.7 percent.

Brent crude, the world’s largest oil brand, fell 2 percent to $ 73.52 a barrel.