Asia stocks slide as Fed rate concerns grow

📆 10-02-23 10:21:00
📰 BDliveSA

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 63%

Belgique Nouvelles Nouvelles

Asia-Pacific stocks head for second weekly loss as dollar gains ground

A person riding an escalator is reflected at the SGX headquarters in Singapore, on February 7 2023. Picture: Nicky Loh/Bloomberg

MSCI’s broadest index of Asia-Pacific shares sank 0.54% and was on course for a 1% weekly decline, after losing 1.16% in the previous week. “Powell maintained a relatively dovish tone, and markets took that as a green light to rally, but pretty much 24 hours later we got a stream of extremely hawkish Fed speak,” said Tony Sycamore, a strategist at IG.

Écrire un Commentaire

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.

International Finance: Asia stocks follow US shares higher, dollar steady: markets wrapStocks in Asia edged higher on Wednesday following a late rally in US shares in a volatile session after Federal Reserve chair Jerome Powell rebuffed an opportunity to tamp down investor optimism.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

Business Maverick: Asian equities headed lower, stung by Fed hawks: markets wrapStocks in Asia edged lower on Thursday as hawkish comments from Federal Reserve officials prompted investors to rethink expectations about US peak rates.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »