24. January 2022 – Technology stocks took a beating at the end of last week and at the start of the current week due to possible interest rate hikes by the US Federal Reserve, which have been known for weeks. However, things continue to look positive for the manufacturing sector. And the European anti-subsidy case (AS678) against India and Indonesia with new adjustments.
Possible US rate hike on Wednesday
The US Federal Reserve’s possible interest rate hike this Wednesday, 26 February 2022, which has been known for weeks and is likely, is currently dominating the economic and financial news. Technology stocks, which react particularly sensitively to possible hikes, are currently suffering.
Manufacturing industry with very high demand
The manufacturing sector, which is the most important for our industry, on the other hand, has been reporting positive growth for a good year. Marginal interest rate hikes are also not of such great interest here. If you look at the figures from the United States, for example, demand increases of 1,000% to over 5,000% are reported there in important manufacturing sectors.
Against this background, we are already asking ourselves who is aiming at what with these panic reports. Or is it really the case that apart from Covid19 and the US interest rate hike, the writers have run out of content?
Deutsche Bank sees interest rate hike as positive for equity markets
In view of full employment and high demand in the United States, Deutsche Bank also sees a positive impact of an interest rate hike. Reuters also reports very similar news, because in retrospect, an interest rate hike has always had a positive effect on the stock markets.
Stainless steel: EC anti-subsidy Final Disclosure against India and Indonesia with adjustments
After the European Commission Directorate-General for Trade adjusted the countervailing duty rates for origin Indonesia again on Friday, 21 January 2022, we assume with a high degree of certainty that the EU anti-subsidy (AS678) measure against India and Indonesia on stainless steel cold-rolled flat products is a done deal and will be published by 16 March 2022 at the latest.
Latest news:
- Real estates, automotive demand, chips and delivery times
- Nickel jumps to over $24,000 at start of trading
- Taiwanese stainless steel mills plan price increases for February
We at the Gerber Group have been trading in stainless steel worldwide for over 20 years. We are your experts when it comes to purchasing, import, logistics and services. Information is a vital part of this. Because only then can you and we make the right decisions. Do you have any questions? Contact us now.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
