MSCI’s Asia-Pacific equity index slipped to a near four-week low as Japan shed about 1%. S&P 500 and Nasdaq 100 futures stabilised, eking out gains after slumps of more than 2% in both indexes on Monday.
Doubts are creeping in about bets that the Fed will temper monetary-policy tightening, expectations that had helped to lift investor sentiment. For instance, hedge funds in a key part of the derivatives market have made record wagers that the US central bank will stick to a hawkish script. With total debt in the US at more than $30-trillion, a 1% increase in rates leads to a “huge” climb of more than $300-billion in interest payments, Tracy Chen, portfolio manager at Brandywine Global Investment Management, said on Bloomberg Television.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: dailymaverick - 🏆 3. / 84 Read more »
US stocks end sharply lower on fears of aggressive Fed rate hikeThe Fed’s gathering later this week in Jackson Hole is expected to reinforce a strong commitment to stamp out inflation
Source: BDliveSA - 🏆 12. / 63 Read more »
Asian stocks fall again as Europe’s gas woes biteEnergy prices stoke fears of recession and push bond yields higher A great platform that can make everybody smile, for my first time hearing about making money online, I thought is fake buy when I try it I realise that is real so I won’t keep silent I need everyone to smile like me Andrew_01cassen
Source: BDliveSA - 🏆 12. / 63 Read more »