Afternoon Briefinging 8 December 2022

The following is a brief review of the day's events as reported.

Asian Markets

Hong Kong stocks were up about 3% earlier and are currently trending down after reports said the city is considering easing Covid rules

European Markets

The European market towards the opening there tends to go up because the global economy dominates sentiment

US Pre-Open Markets

US stocks were slightly negative as investors assessed downside risks to the economy

Commodities

Oil prices stabilized after hitting 2022 lows

U.S. Treasury Yield

Bond yields tend to rise as Wall Street worries about higher Fed rates

Major Currency Pairs

The dollar struggled as recession fears simmered