Asian stocks ease from three-month highs

Stock prices displayed inside the trading gallery of the RHB Investment Bank Bhd. headquarters in Kuala Lumpur, Malaysia, on November 21 2022. Picture: Samsul Said/Bloomberg

MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.4%, after climbing to a three-month high in the previous session. The benchmark has gained 21% from October lows on persistent chatter about China easing pandemic measures. “The black swan in the room is the risk of the Fed being too late again, but this time in cutting rates,” Havard Chi, head of research at hedge fund Quarz Capital Asia, said.

Futures show the market expects US short-term interest rates to peak at 5.001% in May. The expectation is about nine basis points higher than it was last week. By December 2023, the rates will have declined to 4.574%, according to futures markets. Oil prices edged up, after a G7 price cap on Russian seaborne oil came into force on Monday on top of an EU embargo on imports of Russian crude by sea.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

Business Maverick: Asian equities, commodities rise on China outlook: markets wrapAsian equities and commodities rose as traders bet on further reopening of the Chinese economy from Covid restrictions. Currencies of materials and energy exporters climbed. Greatest desire of earning with crypto world have been a dream come true for me through the master AmelieLemaire0 he guides me through the investment process now my life is worth living thanks for the opportunity AmelieLemaire0
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »