Fed Chair Powell renews 50 bps rate hike concerns, widens yield curve inversion the most since 1981.
That said, MSCI’s index of Asia-Pacific shares outside Japan drops 1.75% intraday but Japan’s Nikkei 225 gained half a percent by the press time of early Wednesday morning in Europe. whereas New Zealand’s NZX 50 traces its Aussie counterpart by marking the 0.75% intraday loss amid the broadly sour sentiment.
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Asian Stock Market: China, RBA entertain bulls amid sluggish play, Fed’s Powell eyedAsian Stock Market: China, RBA entertain bulls amid sluggish play, Fed’s Powell eyed – by anilpanchal7 Asia RiskAppetite Equities China CentralBanks
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5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
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The stock market passed a key test in the charts, but another threat loomsThe S&P 500 dodged a negative chart signal and found support around a key level, but it is interest rates that will drive the index in the near-term.
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