Asia Stocks to Follow US Drop Before Powell Speech: Markets Wrap

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 50%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Asian stocks were set to follow a selloff on Wall Street, with bond yields rising as traders comb through remarks from a slew of Federal Reserve officials and await Jerome Powell’s speech for clues on the interest-rate outlook.

Equity futures for Japan, Hong Kong and Australia pointed to declines after the S&P 500 almost wiped out its weekly advance, while losses in the Nasdaq 100 topped 2%. Treasury two-year yields, which are more sensitive to imminent policy moves, climbed above 5%. The greenback advanced against all of its G-10 peers on Thursday, with the Australian and New Zealand dollars falling the most in more than three weeks.

In the run-up to Powell’s address, Fed Bank of Boston President Susan Collins told Yahoo! Finance that rate increases may be necessary, adding that she wasn’t prepared to signal the peak point. Meantime, her Philadelphia counterpart Patrick Harker sees interest rates on hold for the rest of this year, and thinks policymakers have likely undertaken sufficient tightening, telling CNBC that “we’ve probably done enough.

“If Powell focuses on data dependency, that ought to help 10-year yields stabilize,” said Dennis DeBusschere, founder of the New York-based research firm. That would also provide a “tailwind” to the growth-versus-value trade, he noted.Another topic that has surfaced on Wall Street over the past few days is whether Powell will address the abstract, almost elusive number that many refer to as r-star. That’s a sort of “goldilocks” rate that neither stimulates nor restricts economic growth.

 

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:

 /  🏆 83. 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.

Tech stocks rally, yields drop, ahead of Nvidia earnings: Stock market news todayStocks were higher on Wednesday afternoon with investors bracing for results from Nvidia after the bell.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Asia Stocks Set to Climb as Treasury Yields Recoil: Markets WrapShares in Asia were poised to advance after US stocks rallied and Treasury yields retreated following lackluster economic reports that support the case for the Federal Reserve to pause interest rate hikes.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Asia stocks track Wall Street rally as treasury yields retreatBy Julie Zhu HONG KONG (Reuters) - Asian shares rallied on Thursday after blockbuster results from tech darling Nvidia boosted Wall Street and a ...
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »

European Stocks Drop as Nvidia-Fueled Tech Rally Loses SteamEuropean stocks fell as investors awaited comments from the Jackson Hole symposium and digested US data that showed applications for unemployment benefits fell to the lowest level in three weeks.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Stocks open higher ahead of Nvidia earnings: Stock market news todayStocks opened higher on Wednesday morning with investors bracing for results from Nvidia after the bell.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Tech stocks rally after blowout Nvidia profit, while rest of Wall Street driftsTechnology stocks are jumping in early trading following a blowout profit report from Nvidia, but moves for the rest of Wall Street are more muted. The S&P 500 was 0.3% higher early Thursday, continuing a strong week that has trimmed its loss for August so far.
La source: CTVNews - 🏆 1. / 99 Lire la suite »