The jump in US job openings indicates slower labour market easing, aligning with the Fed’s commitment to higher and longer rates.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.4% to its lowest since November, with Australian shares also hitting an 11-month trough and South Korea’s Kospi back from a break with a 1.8% fall.Overnight, US job openings unexpectedly rose, increasing by the largest amount in more than two years. Ten-year Treasury yields rose almost a dozen basis points to a 16-year high of 4.81% and the S&P 500 fell 1.4%.
The dollar marched to a 10-month top on the euro at US$1.0448 overnight and a seven-month peak on sterling at US$1.20535. The New Zealand dollar slid 0.7% overnight and was last at US$0.5912 ahead of a central bank meeting. “Market participants will closely watch what Japanese authorities have to say about the rapid and sharp yen gains overnight,” said CBA strategist Carol Kong.
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Source: staronline - 🏆 4. / 75 Read more »