News Formal

International Finance: Asia stocks, US futures slide on hawkish Fed tone: markets wrap

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 84%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Stocks in Asia dropped alongside US equity futures after comments by two Federal Reserve officials that they were considering 50 basis-point interest rate hikes to battle persistently high inflation.

The market has been “a little bit too sanguine” so far this year when it comes to the prospect of an imminent Fed pivot, according to Helen Zhu, chief investment officer at Hong Kong-based Nan Fung Trinity.

Australian bond yields rose, following the moves in Treasuries, and as the chief of the nation’s central bank spoke in parliament. Governor Philip Lowefurther rate increases would be needed to tame rising prices as policy makers balanced two key risks: “One is the risk of not doing enough, which would result in high inflation persisting and then later proving very costly to get down,” he said. “The other is the risk that we move too fast, or too far.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
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:

 /  🏆 3. in BE

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, US futures fall after hot CPI print: markets wrapAsian stocks and US equity futures fell on Wednesday as investors weighed hot American inflation data and mixed commentary from central bankers on the outlook for interest rates.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

International Finance: Asia follows Wall Street higher in risk-on rally: markets wrapStocks in Asia rose after US shares climbed and Treasuries sold off as investors weighed fresh data that indicated further Federal Reserve tightening ahead.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

5 JSE stocks investors have eyes on right nowHere are five local stocks South African experts have chosen as their stock picks for February 2023.
La source: BusinessTechSA - 🏆 24. / 61 Lire la suite »

Asian stocks slip and US dollar steadies as Fed fuels rate hike worriesHigh US inflation data and comments from US central bank officials drive investor concerns over rate hikes, causing a sell-off in Asian shares and boosting the dollar
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

Business Maverick: Stocks Fall on US Consumers’ Relentless Spending: Markets WrapUS equity indexes fell after data showed that US retail sales in January jumped by the most in almost two years.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »