Contracts for the Wall Street benchmark rose 0.5% while those for the tech-heavy Nasdaq 100 rallied 0.9% after chipmaker Nvidia issued aKey stock indexes in Hong Kong, mainland China and South Korea all rose, along with European futures, while Australian shares fell. There was no trading of equities in Tokyo or Treasuries in Asian hours due to a holiday in Japan.
Australian bond yields edged higher while those for New Zealand’s 2-year and 10-year debt rose more than 10 basis points. Investors increased expectations for the peak to the Fed’s interest rate cycle. Market pricing now implies expectations for a peak of nearly 5.4% in July. A month ago, investors had priced in a peak of 4.9% in June. An index of the dollar was flat after strengthening on Wednesday.
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:
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.
Business Maverick: Asian stocks retreat with US, European futures: markets wrapA gauge of Asian stocks dropped along with US and European equity futures as investors weighed the prospect of central banks tightening policy more than previously expected to tame inflation.
Source: dailymaverick - 🏆 3. / 84 Read more »
Steinhoff to pay R3.9 billion to settle lawsuit by Austrian ex-business partner | BusinessRetailer Steinhoff says it has reached a full and final settlement of €202.12 million (roughly R3.9 billion) with an Austrian company linked to a former business partner. | News24_Business _Business Business partners getting a payout before the SA public, must be nice. But people still on here complaining about the Guptas 👀
Source: News24 - 🏆 4. / 80 Read more »
Putin tells business elite: Don't beg for Western money, invest in Russia | BusinessPresident Vladimir Putin took a swipe at Russia's business elite on Tuesday, urging those 'begging' for money in the West to invest at home instead and telling them that ordinary Russians had no sympathy for their lost yachts and palaces | News24_Business _Business He's just so elite. He's speech got hacked today. Karma _Business Man with balls of steal _Business 💔I wonder were would RSA be today if we had Continued as a Country to be under BRICS Organisation Mhlampe ngabe sina maplazi namhlanje 😭😭😭
Source: News24 - 🏆 4. / 80 Read more »
Business Maverick: Asia stocks track Wall Street lower on Fed outlook: markets wrapAsian equities fell on Wednesday after the S&P 500 tumbled by the most in two months and Treasury yields rose sharply as investors priced in higher interest rates.
Source: dailymaverick - 🏆 3. / 84 Read more »