Plunging consumer stocks are the canary in the coal mine for the corporate sector, and Tuesday’s rate rise will expand the pockets of pain investors are seeing.AUD +0.9% to 66.73 US centsIn New York: BHP +1.2% Rio +1% Atlassian +2.7%Spot gold +0.1% to $US1964.06/oz at 2.39pm in New York10-year yield: US 3.70% Australia 3.80% Germany 2.37%The most important reason for the shift is an expectation that the impact of the SVB-triggered banking crisis will prove fleeting, economist Jan Hatzius said.
US Secretary of State Antony Blinken plans to visit China in the coming weeks for talks with top officials, possibly including President Xi Jinping, Bloomberg reported, as the US looks to resume high-level communication despite continued tensions.
The details vary, but from Indonesia to Kenya to Honduras, the goals are the same: Governments want to retain more of the benefits of emissions-reduction projects, whether as revenue or as credit toward their own national climate goals. “If you are a developing country and you have the right kinds of project opportunities, you’ve got a golden goose,” said Mark Lewis, head of climate research at Andurand Capital Management.
writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell.
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: SkyNewsAust - 🏆 7. / 78 Read more »
Source: FinancialReview - 🏆 2. / 90 Read more »