Asian stocks slip, dollar strengthens on Fed’s hawkish stance

MSCI’s index of Asian shares outside Japan fell 0.2% — on track for the index’s eight successive daily dropSingapore — Asian stock markets slipped for an eighth straight session on Wednesday, and the dollar loomed large as fresh hawkish comments from a Federal Reserve official kept investors cautious ahead of this week’s Jackson Hole Symposium.

MSCI’s index of Asian shares outside Japan fell 0.2% in morning trade, on track for the index’s eight successive daily drop, if sustained. Japan’s Nikkei fell 0.6%. US services and manufacturing surveys had disappointed on Tuesday and July new home sales fell to a 6½ year low. “It might be a bit early to be jumping that gun just yet ... if you start to give the market a little sop that it might get better in time, you might end up undermining your own approach.”Brent crude futures are hovering around $100 a barrel on signs of US demand and Saudi Arabia’s talk of supply cuts. The higher oil price helped prop up energy stocks in Australia.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Business Maverick: Asian stock gauge drops amid rise in yields, crude: markets wrapStocks retreated in Asia on Tuesday amid worries about Federal Reserve monetary tightening that have also boosted bond yields. Oil topped $91 a barrel after Saudi Arabia said OPEC+ may be forced to cut output.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

Asian stocks fall again as Europe’s gas woes biteEnergy prices stoke fears of recession and push bond yields higher A great platform that can make everybody smile, for my first time hearing about making money online, I thought is fake buy when I try it I realise that is real so I won’t keep silent I need everyone to smile like me Andrew_01cassen
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

Business Maverick: Markets wrap: Asia shares in the red, yuan slides on strong dollarAsian shares slipped on Monday and the dollar extended its climb amid angst over global growth as most major banks kept raising rates, while a modest easing by China served only to highlight troubles in its property market.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »