Asian stocks sink after US jobs data fan rate hike fears

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Feb. 6, 2023. Asian stock markets sank Monday after strong U.S. jobs data fanned fears of more interest rate hikes to cool inflation. – Asian stock markets sank Monday after strong U.S. jobs data fanned fears of more interest rate hikes to cool inflation.Wall Street wilted Friday after official data showedas the previous month.

On Wall Street, the benchmark S&P 500 fell 1% on Friday to 4,136.48 after the government reported the economy added 517,000 jobs in January. That was double December's 260,000 and more than double the 185,000 expected by economists. The data dampened investor hopes that lower inflation might persuade the Fed and other central banks to ease off plans for more rate increases. They worry central bankers might be willing to tip the global economy into recession to stop inflation that is near multi-decade highs.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Asian Stock Market: Bears in command as China stocks see the red, Fed concerns propel yieldsAsian Stock Market: Bears in command as China stocks see the red, Fed concerns propel yields – by anilpanchal7 Asia RiskAppetite Equities China Fed
Fuente: FXStreetNews - 🏆 14. / 72 Leer más »

Asian stocks slammed by U.S.-China tensions, Fed jitters By Investing.com⚠️BREAKING: *CHINA STOCKS PLUNGE TO START THE WEEK AMID U.S.-CHINA TENSIONS, FED JITTERS - 🇨🇳🇨🇳 f* around, find out Same sh*t different week Their balloon stocks must be down huh?
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Oakland-based developer East Bay Asian Local Development Corp. has a new CEO - San Francisco Business TimesFormer CEO Andy Madeira has transitioned out of the role, the organization announced Thursday. EBALDC said it had appointed a board member to serve as acting CEO effective immediately.
Fuente: SFBusinessTimes - 🏆 78. / 68 Leer más »