US Equity Futures Drop With Stocks as Dollar Jumps: Markets Wrap
The dollar increased as the likelihood of additional Covid limits in China heightened general concerns about the future of the world economy
and the majority of Asian markets Monday fell alongside US share futures.
A measure of Asian equities fell 1% as Hong Kong and China saw drops
The promise of political stability in Japan after the ruling coalition increased its majority in an upper house election was a bright note.
The dollar index had risen to its highest point since 2020. Among the Group of 10 currencies, the yen performed the worst
Shanghai reported its first case of the highly contagious BA.5 omicron sub-variant on Sunday and issued a "very high" risk warning.
Shadow markets are still being affected by price pressures, a wave of monetary tightening, and a faltering global economy.
This week's US inflation number is predicted to be closer to 9 percent, a new four-decade high, supporting the Federal Reserve's case for a significant interest-rate increase in July.