World stocks head for weekly loss

The London Stock Exchange building is seen in the city of London, UK. Picture: REUTERS/TOBY MELVILLELondon/Sydney — World stocks were heading on Friday for a 1% loss on the week, drifting from recent two-month highs after US Federal Reserve officials fired more warning shots on interest rates, while the US bond yield curve priced for a recession.

Sai said the market was currently “running on fumes” and would switch focus to the real economy’s response to rising rates, such as anecodatal signs of slowdown in the US labour market. Britain’s FTSE gained 0.33%, a day after finance minister Jeremy Hunt announced tax rises and spending cuts in an effort to reassure markets that the government was serious about fighting inflation.

That left them 69 basis points above 10-year yields, the largest inversion since 1981 and an indicator of impending recession.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asia chip stocks tank, dollar strengthens on Fed forecastStrong US retail sales suggest the US Federal Reserve is unlikely to ease up in its battle with inflation
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Business Maverick: Asian stocks mixed, US yield curve flashes warning: markets wrapStocks in Asia were mixed while a closely watched section of the US yield curve remained near levels not seen in four decades – a sign of investor concern about the world’s biggest economy.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Asian equities advance, led by China tech stocks: markets wrapAsian equities rose, with shares in Hong Kong leading gains as investors grew more optimistic about a further easing in China’s Covid restrictions.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »