# Global Markets: Tech shares buck trend as hawkish Fed weighs on global stock markets | Reuters

> The U.S. dollar hit a two-month high and long-dated Treasury yields swung sharply after the Fed surprised markets by signaling faster interest rate increases. Global stock markets weakened as a result.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/46776-global-markets-tech-shares-buck-trend-as-hawkish-fed-weighs-on-global-stock
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A stronger dollar and higher rate expectations tend to weigh on dollar-priced commodities and emerging-market currencies, pressuring feed ingredient prices.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2021-06-16 | 5 | -11.8% | -5.5 | Hawkish Fed surprise lifted the dollar to a two-month high and weighed on risk assets, reducing commodity demand appeal. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-26 | [Stock markets roiled by global bond whiplash \| Reuters](https://feedsoft.ai/events/9588-stock-markets-roiled-by-global-bond-whiplash-reuters.md) | +0.7% | +1.9% |
| DXY | 2021-02-26 | [GLOBAL MARKETS-Stocks try to recover from bond whiplash, dollar gains By Reuters](https://feedsoft.ai/events/10601-global-markets-stocks-try-to-recover-from-bond-whiplash-dollar-gains-by-reuters.md) | +0.7% | +1.9% |
| DXY | 2022-11-17 | [Dollar rises with bets on hawkish Fed; sterling drops \| Reuters](https://feedsoft.ai/events/38594-dollar-rises-with-bets-on-hawkish-fed-sterling-drops-reuters.md) | +0.4% | -0.6% |
| DXY | 2020-09-16 | [Global shares slip, dollar gains as Fed sticks to agenda of near-zero rates \| Reuters](https://feedsoft.ai/events/51031-global-shares-slip-dollar-gains-as-fed-sticks-to-agenda-of-near-zero-rates.md) | +0.8% | +0.1% |
| DXY | 2020-12-31 | [GLOBAL MARKETS Wall Street inches higher, dollar gains as tumultuous year nears finish line \| Reuters](https://feedsoft.ai/events/49842-global-markets-wall-street-inches-higher-dollar-gains-as-tumultuous-year-nears.md) | -0.0% | +1.0% |
| CORN | 2021-06-22 | [Why a hawkish US Fed is reverberating around markets \| The National](https://feedsoft.ai/events/46489-why-a-hawkish-us-fed-is-reverberating-around-markets-the-national.md) | +1.1% | -6.9% |
| CORN | 2024-08-05 | [Emerging Markets equities slump as US recession fears spark global selloff](https://feedsoft.ai/events/12017-emerging-markets-equities-slump-as-us-recession-fears-spark-global-selloff.md) | -1.7% | -1.5% |
| CORN | 2016-11-24 | [Hawkish Fed minutes leads to renewed sell-off in Treasuries](https://feedsoft.ai/events/73754-hawkish-fed-minutes-leads-to-renewed-sell-off-in-treasuries.md) | -4.6% | -1.4% |

## Sources

- jp.reuters.com: https://jp.reuters.com/article/business/global-markets-tech-shares-buck-trend-as-hawkish-fed-weighs-on-global-stock-mar-idUSKCN2DS2NJ/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.