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Investment Daily: US stocks and Treasuries fell amid lingering geopolitical risks

22 April 2026

Key takeaways

  • US stocks and Treasuries fell.
  • European stocks and government bonds fell.
  • Asian stocks mostly rose.

Markets

US stocks fell on Tuesday amid ongoing uncertainty over the geopolitical developments in the Middle East. The S&P 500 ended 0.6% lower.

US Treasuries slid (yields rose) amid higher oil prices. 10-year yields climbed 4bp to 4.29%.

European stocks fell on Tuesday as geopolitical tensions continued in the Middle East. The Euro Stoxx 50 closed 0.9% lower. The German DAX decreased 0.6% and the French CAC fell 1.1%. In the UK, the FTSE 100 lost 1.0%.

European government bonds fell (yields rose). 10-year German bund yields rose 2bp to 3.00% and 10-year French bond yields gained 5bp to 3.66%. In the UK, 10-year gilt yield also rose 5bp to 4.88%.

Asian stock markets mostly advanced on Tuesday. Regional tech shares extended their gains, with Korea’s Kospi surging 2.7%, while Japan’s Nikkei 225 rose 0.9%. Hong Kong’s Hang Seng added 0.5%, and China’s Shanghai Composite edged up 0.1%. Elsewhere, India’s Sensex closed 1.0% higher, led by bank shares.

Crude oil prices rallied on Tuesday. WTI for May delivery settled 2.8% higher at USD92.1 a barrel.

Key Data Releases and Events

Releases yesterday

In the US, retail sales rose by a greater-than-expected 1.7% mom in March, from an upwardly-revised 0.7% mom gain in February, boosted by online non-store retailers and a rebound in furniture and electronics.

Releases due today (22 April 2026)

In the UK, CPI will rise on higher energy prices, but core CPI will see more limited moves. 

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