Shares fell in Japan, Australia and Hong Kong after the S&P 500 Index closed at its lowest level in about two months. Mainland China equities also slumped. China house prices accelerated their decline last month while industrial production and retails sales in August were better than expected.
The offshore yuan remained on the weaker side of 7 to the dollar, with little impact from the People’s Bank of China setting the reference rate for the currency stronger-than-expected for a 17th consecutive day. The greenback fluctuated and policy-sensitive two-year Treasury yields held around the highest since 2007. The latest US economic data painted a mixed picture for the economy that backed the view for hawkish monetary policy.
The market weakness follows data showing applications for US unemployment insurance fell for a fifth straight week, suggesting demand for workers remains healthy. Retail sales indicated spending on goods is . Other figures showed factory production rose slightly in August while total industrial production, including mining and utilities, fell. University of Michigan data on Friday will be parsed for clues on inflation expectations.
As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Catherine_nico I made a successful withdrawal of R 200,000 with the help of Catherine_nico
I'm really grateful for all the efforts you have render to me with my little investment of R4000 and with joy over me after withdrawing R50,000 with your help Catherine_nico thank you for everything you have done for me and my family Catherine_nico
Thanks for restoring my happiness in my darkest days, during those period I invested $500 and to my greatest surprise I got a return of $14,200 in just seven days her reliability can't be equated Ruthhermoso_
As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Ruthhermoso made a successful withdrawal of R 200,000 with the help of Ruthhermoso_
All thanks to gina_bruiz for restoring my happiness in my darkest days, during those period I started with $$450 and to my greatest surprise I'm holding over $5,300 in just 5 days her reliability can't be equated. gina_bruiz
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.
Source: dailymaverick - 🏆 3. / 84 Read more »
US stocks close lower on mixed bag of economic dataInvestors mull economic reports that cement expectations of more aggressive tightening by the Federal Reserve
Source: BDliveSA - 🏆 12. / 63 Read more »
Asian stocks tread water as investors await Fed’s rate decisionReports of planned state support for China’s property sector lifted a Hong Kong index of mainland developers I'm happy to join those who are sharing the good news about harper_parksfx I'm not persuading anyone to trade with her but i advise every investor to make the right choice when it comes to Bitcoin mining i got my withdrawal safely without any interruption harper_parksfx Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Global stocks drift as rate hike fears keeps bears prowlingDollar and bond yields edge higher on the likelihood of a further jump in global borrowing costs, including a possible 100 basis-point US rate hike next week As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive, until I started Bitcoin trading with the help of Allison_Grillo I made a successful withdrawal of R 200,000 with the help of Allison_Grillo.
Source: BDliveSA - 🏆 12. / 63 Read more »