Stocks, FX slip on inflation jitters, but eye weekly gains

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

Most emerging market stocks and currencies fell on Friday as caution kicked in ahead of a U.S. inflation reading that could prompt the Federal Reserve to tighten policy at a faster pace.

The rand sank 0.8% as a surge in Covid-19 cases hit risk appetite. The country outlined plans to offer booster vaccine doses, as it grapples with a fourth wave of Covid-19 stemming from the Omicron variant.

China's yuan fell about 0.2%, while stocks also retreated on weaker-than-expected money market and credit data. "The data is likely to confirm the Fed's concerns that inflation is not going to be as transitory as originally expected and that tapering might have to be quicker after all with interest rates being hiked," analysts at Commerzbank wrote in a note.

A Turkish central bank survey forecast annual consumer price inflation at 23.85% at the end of the year, up from a forecast of 19.31% a month earlier.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 13. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen