Asian stocks fall, dollar rises as rate cut wagers waver

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Asian stocks fall, dollar rises as rate cut wagers waver

SINGAPORE - Asian stocks fell on Friday, while the dollar advanced as strong U.S. economic data bolstered the prospect of interest rates staying higher for longer and the Federal Reserve taking its time in cutting rates, keeping investors away from risky assets.

Data on Thursday showed U.S. jobless claims dropped while S&P Global's Flash PMI survey showed business activity expanded faster than economists forecast in May. "This week's data reaffirms the Fed simply does not have the capacity to provide policy accommodation," said Prashant Newnaha, a senior Asia-Pacific rates strategist at TD Securities.

The changing expectations around U.S. rates has lifted yields, with benchmark U.S. 10-year yield touching a more than one-week peak of 4.498% on Thursday. It was last at 4.463% in early Asian hours on Friday., which measures the U.S. currency against a basket of six major peers, up nearly 0.6% on the week to 105.06, on course for its largest one-week rise since mid-April.

Bank of Japan Governor Kazuo Ueda said on Thursday the economy was on track for a moderate recovery, suggesting a slump in first-quarter gross domestic product alone would not keep the central bank from raising interest rates in coming months.

 

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:

 /  🏆 450. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

Stock market today: Asian shares track Wall Streets rally, led by a 2.4% jump in TokyoAsian shares have tracked Wall Street's rally, led by a 2.4% advance for Tokyo's benchmark Nikkei 225 index. U.S. futures rose while oil prices also edged higher. Technology-related shares led the regional climb. On Tuesday, the S&P 500 jumped 1.2% and the Dow Jones Industrial Average climbed 0.7%, and the Nasdaq composite rose 1.6%.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »

Stock market today: Asian shares track Wall Streets rally, led by a 2.4% jump in TokyoAsian shares have tracked Wall Street's rally, led by a 2.4% advance for Tokyo's benchmark Nikkei 225 index.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »