Asian Stock Market: Coronavirus join hawkish Fed to please bears

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Asian Stock Market: Coronavirus join hawkish Fed to please bears By anilpanchal7 Asia RiskAppetite YieldCurve Coronavirus Fed

Shares in Australia led the losers amid outcry over thepolicymakers’ rejection of a renowned tennis player’s visas over vaccine status. As a result, ASX 200 drops over 2.70% at the latest. New Zealand’s NZX 50 also joins the league with around 2.2% daily downside amid escalating COVID-19 cases linked to Auckland’s brothel.

It’s worth noting that China’s upbeat Caixin Services PMI for December and Premier Li Keqiang’s readiness to stabilize growth failed to impress investors in Beijing and Hong Kong. Further, South Korea’s KOSPI declines 0.70% and Indonesia’s IDX Composite posted around 1.0% loss at the latest. India’s BSE Sensex is in the same line as daily infections jump to the highest since June.

On Wednesday, Fed policymakers’ discussion over the faster rate-hike and plans for balance-sheet normalization, per FOMC Minutes propelled the market towards risk safety. As a result, the US 10-year Treasury yields jumped to the highest level since April 2021 by the end of Wednesday’s North American session and drowned the Wall Street benchmark. Recently, the US 10-year bond yields refresh a nine-month high of around 1.71%, which in turn weighed on the S&P 500 Futures.

Looking forward, German Inflation data will precede the monthly prints of the US Good Trade Balance and ISM Services PMI for December, as well as weekly US Jobless Claims, to entertain short-term market players. However, Friday’s US

 

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:

 /  🏆 14. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asian stocks track Wall St higher in upbeat start to 2022Asian stocks were firmer on Tuesday following Wall Street's record highs on its first trading day of 2022, despite worries that the widespread Omicron COVID-19 variant could put the brakes on global economic recovery.
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »