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Wall Street set to open lower; Fed and U S tech earnings in focus

Reuters Live Markets blog: (Updates prices and commentary) LONDON, Jan 27 (Reuters) - Europe’s share indexes fell on Wednesday and Wall Street futures were in the red as investors turned more cautious about COVID-19 and stretched stock valuations, with the U.S Federal Reserve meeting and tech giants’ earnings also in focus. The MSCI world equity index, which tracks shares in 49 countries, was down 0.2% at 1104 GMT, having fallen around 1% since it hit a new all-time high on Jan. 21. Following a weak Asian session in which shares were hurt by profit-taking, European indexes also retreated, with the STOXX 600 down 0.8%. London’s FTSE 100 was down 0.7% while Germany’s DAX was down 1%.

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GLOBAL-MARKETS-Stocks fall, dollar up on COVID-19, frothy market concerns

Reuters Live Markets blog: NEW YORK/LONDON, Jan 27 (Reuters) - Stocks fell and the dollar rose on Wednesday as investors turned more cautious about COVID-19 and stretched stock valuations, with the U.S Federal Reserve meeting and a glut of corporate earnings also in focus. Investors parsed through earnings reports from companies including Boeing and Microsoft, ahead of the Federal Reserve’s policy statement later in the day. The Dow Jones Industrial Average fell 547.59 points, or 1.77%, to 30,389.45, the S&P 500 lost 74.03 points, or 1.92%, to 3,775.59 and the Nasdaq Composite dropped 275.52 points, or 2.02%, to 13,350.55. “There is plenty of discussion on Covid-19 variants, lockdowns, earnings, and co-ordinated retail assaults on single names to more than dampen risk appetite,” said Stephen Innes, chief global markets strategist at Axi.

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Futures Tumble Ahead Of The Fed Amid Growing Hedge Fund Forced Liquidation Fears

Futures Tumble Ahead Of The Fed Amid Growing Hedge Fund Forced Liquidation Fears
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U S Stock ETFs Slide as Coronavirus Concerns Give Pause

Hani Redha, a portfolio manager at PineBridge Investments, pointed to the speed of distributing Covid-19 vaccines and lingering lockdown measures contributing to a ‘double whammy’ of bad news for markets, the Wall Street Journal reports. “I think the market expected that by now we would be talking about loosening, not tightening restrictions,” Redha told the WSJ. “On the vaccine rollout, this is very problematic for the near term. It is very critical for shaping the growth bounce back, and these issues are just adding more delay to that.” There were previously speculations of friction between AstraZeneca and European Union officials over a vaccine shortfall. Meanwhile, the Biden administration has set an optimistic target of providing enough coronavirus shots to vaccinate most of the U.S. with a two-dose regimen by the end of summer.

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Ulverston photographer Victoria Fryer turns lockdown pictures into book

A LOCAL photographer who spent months capturing life in the first Covid-19 lockdown has collated the images into a book. Victoria Fryer, from Ulverston, documented the town’s experience by taking doorstep photographs of families and key workers, as well as snapshots of the town’s tokens of resilience and appreciation for those working on the frontline. She provided residents with a digital copy of the pictures and asked that they made a donation to the ‘Ulverston Self Isolation Group’ on Facebook. And now the talented photographer has published ‘Remember When. Lockdown Through a Lens’ which contains hundreds of her photographs from the period.

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