Stocks slide, US yields climb amid hawkish Fed, China tensions

While almost all Fed officials agreed to hold interest rates steady last month, minutes of the meeting released on Wednesday showed the vast majority expected policy would eventually need to tighten further.

"The Fed's decision to pause was not actually unanimous and most members are up for further hikes, so this could cap upside over the near-term," although the scope of equity declines so far suggests it could be "more of a bump in the road as opposed to blood on the streets," he added. Against the yen, though, the dollar's advances were conspicuously subdued, considering the currency pair's traditional close relationship with long-term U.S. yields.

"The yen is kind of stuck because the Japanese government has raised the alarm level against the currency," said Naka Matsuzawa, chief strategist at Nomura Securities in Tokyo.

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.

Stocks strengthen after Australian central bank holds ratesAsian stocks rose on Tuesday afternoon after Australia's central bank held interest rates steady, which helped ease investor worries about over-tightening of policies by central banks.
Source: ReutersAfrica - 🏆 31. / 53 Read more »

Stocks dip, dollar steadies as investors seek rates clarityMost Asian stocks fell on Tuesday, while the U.S. dollar and oil steadied, as investors held safe ranges awaiting more clues on whether central banks will continue their aggressive interest rate hikes.
Source: ReutersAfrica - 🏆 31. / 53 Read more »

The JSE’s best and worst-performing stocks so far this yearThe JSE has been unable to keep up with its global peers, despite ending the first half just over 4% stronger. Moneyweb Stocks
Source: Moneyweb - 🏆 5. / 77 Read more »