International Finance: Asian stocks fall as hawkish Fed halts S&P’s rally: markets wrap

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 84%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Asian stocks fell on Tuesday after a rally in US shares evaporated as Federal Reserve officials signalled the central bank will likely need to raise interest rates above 5% before pausing and holding for some time.

, which will come out almost a week after the latest jobs data showed that wage growth has decelerated. The figures will be among the last such readings policy makers will see before their gathering on 31 January.

The Bloomberg Dollar Spot Index was little changed, while the greenback was mixed against its G10 counterparts on Tuesday. Treasury 10-year yields held at 3.54%. Japan’s 10-year yield was at 0.5%, the ceiling for the Bank of Japan’s yield control policy. . The world’s second-largest economy made an abrupt U-turn on strict Covid restrictions in early December and swiftly followed up with other market-friendly changes.

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:

 /  🏆 3. in CA
 

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

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.

Ramaphosa downplays talk of change to Reserve Bank mandate | BusinessPresident Cyril Ramaphosa played down suggestions that an amendment to the central bank’s mandate is imminent, while confirming that a possible change remains under discussion. | News24_Business _Business I feel sorry for Ramaphosa, Lord God Almighty have mercy on his soul. _Business Hands-off vultures! _Business We have a stable currency, what more do people want? The Turkisk Lira collapsed 70% on monetary experiments! Our interest rates won't end up being far lower if we change the reserve bank mandate!
Source: News24 - 🏆 4. / 80 Read more »