-- Shares rose in Asia after stocks and bonds rallied on Wall Street, bringing some relief to financial markets after a series of punishing losses. Traders’ focus now turns to Friday’s US jobs data.Apple Considered, Rejected Switch to DuckDuckGo From Google
The dollar fell against all its Group-of-10 peers, with the yen strengthening as much as 0.6%. Traders had speculated about official Japanese intervention in the market Tuesday when the currency spiked higher after touching 150 per dollar. However, early indications show that may not have been the case.
An out-lier, Japan’s 20-year sovereign bond yield jumped to the highest level since 2013 following a weak auction of super-long-dated debt. Elsewhere in Asia, Taiwan shares rose, apparently shrugging off news that officials will investigate whether local firms helping Huawei Technologies Co. with chipmaking plants in China violated US sanctions. Sri Lanka’s central bank cut its benchmark rate for a third time this year to help revive economic growth.
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.
S&P/TSX composite down as price of oil and energy stocks fall, U.S. stock markets upTORONTO — Canada's main stock index was down in late-morning trading as the price of oil fell and losses in energy stocks weighed on the market. The S&P/TSX composite index was down 56.87 points at 18,964.05.
Source: SooToday - 🏆 8. / 85 Read more »
Stocks sell off, Treasury yields rise: Liz Ann Sonders on what is driving the marketsThe stock market experienced a sell-off Tuesday, while Treasury yields continued to gain momentum. Investors are worried about higher for longer interest rates from the Federal Reserve and are left wondering how to handle their portfolio. Charles Schwab Chief Investment Strategist Liz Ann Sonders joins Yahoo Finance to discuss the recent turmoil in the market as well as what signs investors should be paying attention to. Sonders explains that 'breadth statistics' are an important sign for investors to pay attention to. 'If you start to see, under the surface, an improvement in breath...that would be the kind of positive divergence, positive sign, that we saw back in October, that laid the ground work for the rally that we got,' Sonders said. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asia Stocks to Follow US Slump as Fear Gauge Rises: Markets WrapAsian shares are set to follow a slump in their US peers after employment data bolstered the case for the Federal Reserve to keep interest rates elevated and pushed up Treasury yields to new multi-year highs.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Asia Stocks to Follow US Slide as Fear Gauge Rises: Markets Wrap(Bloomberg) -- Asian shares are set to follow a slump in their US peers after employment data bolstered the case for the Federal Reserve to keep interest rates elevated and pushed up Treasury yields to new multi-year highs. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWhy a US Recession Is Still Likely — and Coming SoonWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsAirbnb Is F
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Tech stocks poised to do well in the coming months, money manager saysThe tech sector has come under pressure with the recent U.S. market selloff, but a money manager expects some of these stocks will rebound in the coming months.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Fidelity funds load up on Canadian tech stocks Shopify, Lightspeed, Open Text, filing showsThe big Canadian tech bets by fund managers came during a tough year for both Shopify and Lightspeed
Source: globeandmail - 🏆 5. / 92 Read more »