News Formal

Asian stocks slip as investors eye central bank hikes

  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Asian shares traded cautiously and bonds nursed small losses on Tuesday as investors braced for an eventful week that includes central bank meetings, a slew of earnings reports and key U.S. economic data.

Despite Monday's declines, the S&P 500 remained on track to post its biggest January gain since 2019.

Markets will also grapple with a flood of U.S. economic data, culminating in Friday's payrolls report for January. Investors see signs of weakening in the labour market as a key factor in bringing down high inflation. The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 4.2402% compared with a U.S. close of 4.261%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 2. in BUSİNESS

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.

Asian Stock Market: Shanghai shows resilience after a long holiday, S&P500 futures drop, oil retreatsAsian Stock Market: Shanghai shows resilience after a long holiday, S&P500 futures drop, oil retreats – by Sagar_Dua24 Asia China BOJ Oil RiskAversion
Source: FXStreetNews - 🏆 14. / 72 Read more »