Stocks dropped before Wednesday’s inflation report, with the Treasury curve inversion deepening to levels last seen in 2007 amid fears that aggressive rate hikes will sink the economy into a recession.
“The market is showing nervousness as to what this is going to look like,” said Patrick Kaser, portfolio manager at Brandywine Global. “There’s been talk about commodity prices coming down, but we’re not really seeing that flow through yet. We’re still expecting this number to come in pretty high.” “In the current environment, dollar strength is a sign of investors’ worries about a global recession since it signals a flight to the relative safety of the world’s reserve currency,” wrote Nicholas Colas, co-founder of DataTrek Research. “Until the dollar starts to weaken, it is difficult to believe the lows are in for US equities in 2022.”
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stocks fall in preamble to U.S. inflation report as Treasuries further invert sounding recession alarmThe Treasury curve inversion deepened to levels last seen in 2007 amid fears that rate hikes will sink the economy. Read on
La source: nationalpost - 🏆 10. / 80 Lire la suite »
Tech stocks drag on TSX ahead of BoC decision this week - BNN BloombergTech stocks led a broad-based decline on the TSX on Monday as investors looked ahead to a Bank of Canada interest rate decision and U.S. inflation data later this week.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »
Chinese tech giants Alibaba and Tencent stocks plunge after latest finesE-commerce giant Alibaba’s shares in Hong Kong fell 6.8%, while gaming and social media company Tencent Holdings sank 3.2% Yikes be careful ur this close - prison , hear that there not that great for rich people,
La source: globeandmail - 🏆 5. / 92 Lire la suite »
U.S. equity futures drop with stocks; Twitter slumps - BNN BloombergUS equity futures dropped along with European stocks Monday as traders await the key second-quarter earnings season for indications on how companies are weathering the inflation storm
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »
TSX opens lower as tech stocks slide - BNN BloombergCanada’s benchmark stock index was dragged lower by tech stocks Monday morning as investors shifted into risk-off mode.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »