*Global-Market Insights*
-The US markets extended losses that took the major indices to multi-week lows
-Higher yields outweighed strong earnings
-Dow fell 340 points while S&P fell 44 and Nasdaq 166 points
-Fed's March rate hike may be bigger than 25 basis
-BoA and Morgan Stanley gained after results, P&G raised its sales outlook
-Brent crude oil is still close to $88
-Gold is trading at &1840
-US president Joe Biden said that it was the Fed’s job to control inflation and supported the Fed's plans to scale back monetary stimulus
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