Asian stocks stall amid global volatility - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Asian stocks stayed at two-year lows on Wednesday, after a strengthening US dollar, instability in the UK bond market, and forthcoming US inflation data spelled a wild session on Wall Street and further volatility for investors.

In Japan, confidence among manufacturers fell for a second straight month, according to a Reuters poll, sending the dollar/yen above 146 for the first time since 1998.Japan will take necessary steps in the foreign exchange market if needed and there is no change in the country’s stance at all, the Jiji Press news agency quoted Finance Minister Shunichi Suzuki as saying on Wednesday.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.04%, while Seoul’s KOSPI index fell 0.08% and Australia’s resources-heavy index was up 0.2%.The International Monetary Fund cut its 2023 global growth forecast from 2.9% to 2.7%, warning that pressures from inflation, war-driven energy and food crises, and higher interest rates may tip the world into recession and financial market instability.

The Bank of England warned UK pensions funds and other investors to get their houses in order by Friday, when it would end a huge bond-buying programme aimed at calming roller-coaster moves seen by gilts and sterling in recent days. The warnings, ahead of US inflation data on Wednesday and Thursday that is expected to keep the Fed on an aggressive rate hike path, tanked stocks on Wall Street.

The S&P 500 and Nasdaq Composite fell 0.65% and 1.10%, though the Dow Jones Industrial Average managed to close up 0.12%.Brent crude futures fell 51 cents, or 0.5%, to $93.78 a barrel by 0033 GMT.It was the third straight dip in prices as investors worried about falling fuel demand and tightening COVID-19 curbs in China.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 37. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Asian stocks dip as investors fret over CPI and earnings testsA surprise drop in US unemployment quashed hops of a pivot on policy tightening before a reading on inflation
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »