Australia CPI, South Korea GDP drown markets in Canberra, Seoul.
Among the key losers is Australia’s ASX 200 and South Korea’s KOSPI, both of which drop around 2.0% at the latest. Strong prints of Australia’s Q4 followed an upbeat Aussie jobs report to propel the Reserve Bank of Australia towards stiff monetary policy, which in turn weighed on the Aussie stocks. On the other hand, South Korea’s preliminary readings of Q4 GDP also came out as robust and favored bears in Seoul.
On a broader front, the US 10-year Treasury yields stay firmer around 1.78%, rising for the first time in the last five days, whereas the US stock futures remain on the back foot.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Reserve is popping everything bubble, fueling stock market sell off, chaosInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Bitcoin, Coinbase, Peloton, Kohl’s: What to Watch When the Stock Market Opens TodayCrypto stocks were following cryptocurrencies lower; An activist investor wants Peloton’s chief executive fired. Peloton crash incoming
Source: WSJ - 🏆 98. / 63 Read more »
The Stock Market Slide Is Unlikely to Budge the Fed From TighteningBoth Goldman Sachs and Bank of America have said in recent days that they see the Fed continuing to tighten to address inflation pressures.
Source: NBCDFW - 🏆 288. / 63 Read more »
It's A Seller's Market: SoCal's Housing Market Hit Record-High Last MonthLow inventory means it's a seller's market and experts blame a lack of new construction and current low mortgage rates. Hyper inflated home prices are suffocating Americans. Sorry but a home that was built in 1941 and hasn't been updated since 1991 should not be allowed to be sold for $500,000++ Absolute bullshit.
Source: CBSLA - 🏆 552. / 51 Read more »
Jim Chanos says the notion that the Fed will always bail out the stock market is dangerousShort-seller Jim Chanos says the belief that the Fed will always rescue the stock market from steep losses is dangerous for investors. “Short-seller says…”. Yeah no thanks. Dangerous indeed. But most younger investors haven’t touched the hot stove yet. We learn through our life’s experiences and tend to learn more from the bad ones. They will learn or perish oh cool. so we're going higher wednesday. Thanks
Source: CNBC - 🏆 12. / 72 Read more »