Markets Today: Inflation Day

From business.nab.com.au

Tech shares drove a decline in equity markets overnight while a rise in 2y yields led a bear flattening of the UST curve. Meanwhile, like Olivia Newton-John would say, currencies are essentially suspended in time ahead of the US CPI print tonight. Europe’s energy crisis suffered another blow as Russia halt crude oil supply while China announced new military exercises near Taiwan on Tuesday. The S&P 500 (-0.42%) extended its decline to a fourth day in a row with the technology sector leading the overnight price decline after another chipmaker reported disappointing financial results and a downbeat forecast. ... (full story)