Asian stocks inch down as investors fret over US inflation data

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Business News News

Risks could be to the upside due to upward revisions to CPI in December and November after a reanalysis of seasonal factors

Sydney — Asian shares slid and the dollar rose on Monday as investors hunkered down for US inflation data that could jolt the outlook for interest rates globally, while accelerating or reversing the recent spike in bond yields.

It provided an extra excuse for caution, and MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.7%, after losing 2.2% last week. The near-term direction for assets could well be determined by US data on consumer prices and retail sales this week, with much resting on whether inflation continued to slow in January.

Bruce Kasman, head of economic analysis at JPMorgan, expects core CPI to rise 0.5% and sales to jump 2.2%, underlining the message of resilience from the bumper January payrolls report. Markets have already sharply raised the profile for future tightening by the Federal Reserve, with rates now seen peaking up around 5.15% and cuts coming later and slower.Yields on 10-year Treasuries are at five-week highs of 3.75%, having jumped 21 basis points last week, while two-year yields hit 4.51%.

 

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

I be sharing this good news on how am getting paid from AnthonyRobert__ platform if I didn't see others testifying I was doubting but now that am experiencing how great his platform is.I also recommend you to AnthonyRobert__ bitcoin mining for safe and secured investment

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:

 /  🏆 12. 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.

Shareholder sues Shell bosses over climate risks | BusinessBritish energy giant Shell has been hit with a new lawsuit over climate change, with activist investors accusing the company's leadership of mismanaging risks to the company. | News24_Business _Business Isn't shell a Dutch company,? _Business Im sure they are a Dutch company . _Business There is no climate change.
Source: News24 - 🏆 4. / 80 Read more »

International Finance: Asian equities tumble ahead of US inflation data: markets wrapShares in Asia declined as investors positioned themselves for an action-packed week, including the release of US consumer price data that may confirm the inflation battle isn’t over, dashing hopes of a Federal Reserve rate pivot.
Source: dailymaverick - 🏆 3. / 84 Read more »