Australian shares are expected to decline when the market opens, after Wall Street fell in thin holiday trading as hopes for a year-end rally dimmed.The Australian dollar was up 0.4 per cent to US67.60¢.The yield on 10-year US Treasuries advanced 0.02 per cent to 3.86 per cent.
The still-cautious mood is damping hopes for a rally in the last trading week of the year after a brutal 12 months for financial markets. Global equities have lost a fifth of their value, the largest decline since 2008 on an annual basis, and an index of global bonds has slumped 16 per cent. The dollar has surged 7 per cent and the US 10-year yield has jumped to above 3.8 per cent from just 1.
To try to revive Hong Kong as a finance hub, the city will end some of its last major COVID-19 rules, scrapping gathering limits to vaccination checks and testing for travellers. Still, while the dismantling of COVID-19 curbs may be a boost for the global economy, there is concern about inflation pressures that could prompt the policymakers in the US to maintain tight monetary policy.
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.
La source: FinancialReview - 🏆 2. / 90 Lire la suite »
La source: FinancialReview - 🏆 2. / 90 Lire la suite »
La source: FinancialReview - 🏆 2. / 90 Lire la suite »