“U.S. rates are still the number one driver for the Asia region as far as absolute performance is concerned,” Dan Fineman, Credit Suisse’s co-head of APAC equities strategy told Reuters.
The two-year yield, which rises with traders’ expectations of higher Fed fund rates, touched 4.88 percent compared with a U.S. close of 4.894 percent. The U.S. February employment report is expected on Friday and any softening in the robust jobs market will be seen as a sign that the Fed’s rate hikes are having their desired effect.
“It’s a very slight recession in the scheme of things. I don’t think you’ll see a deep recession,” he said.
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.
Oil prices open lower on modest Chinese growth forecastOil prices opened lower on Monday after China set a modest target for economic growth this year of around 5 percent, lower than market expectations of 5.5 percent growth in the world’s second- largest oil consumer. | Reuters
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Source: rapplerdotcom - 🏆 4. / 86 Read more »