On Monday, January 24, 2022, the leading stock indices in the Asia-Pacific region were left without a single direction on Monday, while investors were preparing for this week’s two-day meeting of the US Federal Reserve.
The Japanese benchmark Nikkei 225 rose 0.24% to 27,588.37 points, and the Topix index rose 0.14% to 199.87 points. South Korea’s Kospi fell 1.49% to 2,792 points, while Hong Kong’s Hang Seng index also fell more than 1% to 24,656.46.
On Tuesday, January 25, 2022, the US Federal Reserve must stop lagging behind inflationary developments on the ground, is a polite way to describe what the world’s most powerful central bank should do when it meets this week,After the last meeting of the Federal Open Market Commission on December 14-15, the consumer price index in the United States exceeded 7 percent. Core inflation exceeded 5 percent, with the engines behind it increasing. Unemployment fell below 4 percent, while labor force participation remained unchanged below pre-pandemic levels.
On Wednesday, January 26, 2022, the Dow Jones Industrial Average rose from 0.48%, or 165.08 points, to 34,462.81 points. The broad measure S&P 500 increased by 1.07%, or 46.77 points, to 4403.97 points. Its technology indicator Nasdaq Composite added 1.82%, or 246.13 points, reaching a level of 13,785.42 points. Microsoft rose 3.82% after the company published financial results with better results than expected.The rise in the company’s share price was followed by a rise in the shares of other technology giants such as Apple, Amazon, Netflix and Nvidia. Tesla securities rose 3.86 percent.
On Thursday, January 27, 2022, the central banks will go out of business with predictions. This means that the success of central bankers will no longer be determined mainly by their ability to anticipate their approach to loan cost management several months or even years in advance.New Zealand said inflation in the country jumped to 5.9% in the fourth quarter, faster than expected and well above the average point of the local central bank’s target range of 1% to 3%.
On Friday, January 28, 2022, the US stock markets again moved up and down throughout the day. Investors’ concerns about the rapid rise in interest rates were partly overshadowed by strong reports from Apple and Visa. After initial declines, the Dow Jones blue-chip index rose 1.7 percent on Friday and the broader S&P 500 benchmark rose 2.4 percent. The Nasdaq technology company index even accelerated by 3.1%. With a strong Friday session, the indices ended three consecutive weekly losses.