Global Market Trends (25th Mar., 2022)

Treasury Bonds, Bond yields remain elevated with the yield on the 10-year Treasury at 2.34%. 

Commodities, U.S. crude held around $112 per barrel, while Brent, the global benchmark, hovered above $119 per barrel. Gold continued its climb to $1,961 per ounce. 

Labour News, Also, the Labor Department is out with its tally of new claims for unemployment benefits for last week, which fell to 187,000 from 214,000 the previous week. Continuing claims, which track the total number of unemployed workers collecting benefits, are anticipated to edge down 1.35 million, another 52-year low.

Stocks, In stocks, Uber shares jumped after announcing a partnership with Curb, the taxi app for North America. The joint venture will kick off in New York City. 

"We are excited to kickstart our partnership with Curb and allow Uber users to have immediate access to Curb’s taxi-hailing network, which will add tens of thousands of vehicles to the Uber platform in New York City and beyond," Guy Peterson, Uber's director of business development, said in the announcement. "We’re looking forward to expanding together as we launch the integration in other key cities across the country."

Semiconductors, Chip stocks remained active. 

Nvidia CEO Jensen Huang said he is interested in partnering with Intel on their foundries – also known as fabrication plants or "fabs." He made the comments on a call with reporters. 

Intel CEO Pat Gelsinger, during an interview with FOX Business Wednesday, gave more details on its new Ohio plant. He, along with Micron's CEO Sanjay Mehrotra, testified before Congress on America's chip crisis.

In cryptocurrencies, Bitcoin remained around the $43,000 level helped by the lift in stocks. Also, BlackRock CEO Larry Fink, in his annual shareholder's letter, said the Russia-Ukraine conflict could boost demand for digital currencies. 

Russia Stock Exchange, reopened its stock market for restricted and limited trading on Thursday nearly one month after shares plunged and the exchange was shut down following the invasion of Ukraine. It closed with gains of 4.3%.  

SPOT MARKET  BY THE HOUR AS OF GMT 09:45  03-25-22