A rise in U.S. inflation lashed Wall Street sending Asian shares to seven-week lows on Thursday. Bond yields also came surging as investors worry that the Federal Reserve might push through sooner with tightening. Deutsche Bank macro strategist Alan Ruskin said that higher inflation is a definite negative for equities. Given the likely rates response, …
Asia Pacific stocks have remained near one-month lows, mostly down on early Wednesday. Implications of faster inflation still beset investors with worries, including the continuous surge in commodities. The stock market now awaits U.S. inflation data for April, the Consumer Price Index (CPI), as well as U.S. government debt sales due later in the day. …
Asian Stocks Fall as Investors Brace for U.S. Inflation Data Read More »
Wall Street has recoiled on worries about inflation that have accelerated, causing investors to stay away from growth stocks. Asian shares have fallen during Tuesday’s early trade due to fears about higher interest rates soon. This week, a host of Federal Reserve speakers should provide the markets some clarity. The talks will center on policymakers’ …
Asia Shares Retreat Over Inflation Worries, Fed Outlook Read More »
Stocks jumped on Monday amid hopes that interest rates will remain low due to decreasing inflationary pressure. In energy commodities, oil and gas prices rose following a cyber attack on a U.S. pipeline operator that frightened the stock markets. Some investors had been anticipating that a strong U.S. economic recovery from the pandemic would prompt …
Asian Shares Up on Expectations for Low Rates; Oil Rises Read More »
Asia Pacific stocks mostly rose on Friday morning. Positive economic data lifted U.S shares to close at a record high. On Friday, Treasuries were steady, as the benchmark 10-year yield recently hit highs. It was close to the 1.57% level, which is well below. U.S. positive employment data boosted global shares as the initial jobless …
Asia Stocks up As US Employment Data Boosts Recovery Outlook Read More »
Australia stocks edged higher after the close on Friday. As rises in the Gold, Metals & Mining, and Resources sectors, in particular, led shares higher. The S&P/ASX 200 rose 0.27% at the close in Sydney. On the S&P/ASX 200, the session’s best performers were Webjet Ltd, rising 7.42% or 0.33 points to trade at 4.78 …
Australia S&P/ASX 200 up 0.27%, Japan’s Nikkei 225 up 0.09% Read More »
European stock markets opened higher continuing the positive tone from the previous session. Investors assess more corporate earnings ahead of a Bank of England meeting. The overall tone remains positive as the 1Q earnings season continues. Likely to be in the spotlight on Thursday will be Societe Generale. The French bank beat expectations in its …
EU Stock Futures Up; SocGen, Unicredit 1Q in Focus Read More »
Sentiment took a knock after a selloff in large-cap Wall Street tech firms. In addition, talks of rising U.S. interest rates also led to Asian shares risking to fall for a fourth straight session on Wednesday. Limiting the early reaction were the holidays in Japan, China, and South Korea. This brought the MSCI’s broadest index …
Asia Shares Flat, U.S. Tech Retreat Dulled due to Holidays Read More »
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