Breaking News
Investing Pro 0
🙌 It's Here: the Only Stock Screener You'll Ever Need Get Started

Marketmind: Paging Mr. Powell

Published Jan 10, 2023 12:44AM ET Updated Jan 10, 2023 12:50AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. REUTERS/Evel

A look at the day ahead in European and global markets from Anshuman Daga:

The strong start to equity markets this year has got bulls excited but markets know it's better to be well behaved before Federal Reserve Chair Jerome Powell speaks.

Asian stocks edged lower on Tuesday after recent gains even as Asian tourism-focused businesses geared up for a return of Chinese tourists after the country's borders reopened on Monday.

European futures indicate a weaker open for stocks, which are basking at eight-month highs on growing hopes that the euro zone will only get a shallow recession, overcoming worries of a sharp slowdown.

Already, a drop in the region's headline inflation points to easing price pressures.

Later on Tuesday, Fed boss Powell is set to make a speech that could give further clarity on the pace of rate hikes while U.S. inflation data out on Thursday will further cement expectations.

While money markets are pricing in a 25% chance of a half-point U.S. rate hike in February, down from around 50% a month ago, inflation data and Fed speakers will dictate market action.

In Japan, consumer inflation exceeded the central bank's 2% target for a seventh straight month in a sign of broadening inflationary pressure.

Graphic: Tokyo core CPI at a new 40-year high

Meanwhile, the French need to prepare to work longer than they do now.

French Prime Minister Elisabeth Borne is set to unveil a pension reform that is already angering unions and a large majority of voters and will be a key test of President Emmanuel Macron's ability to implement change.

And in news from the sporting world, Bloomberg News reported that English Premier League clubs Manchester United Plc, Tottenham Hotspur, or Liverpool FC are being targeted by Qatar Sports Investments over a potential acquisition.

Key developments that could influence markets on Tuesday:

Speakers: ECB Governing Council member and Bank of Portugal governor Mario Centeno speaks before lawmakers at 1630 GMT, Speech by ECB board member Isabel Schnabel at 1010 GMT

U.S. speakers: Federal Reserve Chair Jerome Powell participates in a panel discussion before the Sveriges Riksbank International Symposium on Central Bank Independence.

Marketmind: Paging Mr. Powell

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your profile, will be public on and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Louis Yeung
Louis Yeung Jan 10, 2023 7:08AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
how many times does Mr Powell have to repeat himself like a broken record and send fud to the market?
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email