Asian shares lower, yields rise on aggressive rate hike jitters - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

España Noticias Noticias

España Últimas Noticias,España Titulares

Asian shares tracked Wall Street lower on Friday while Treasury yields scaled 14-year highs as the prospect of aggressive interest rate hikes from the Federal Reserve and recession risks soured investor sentiment.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.55% but above the two-and-a-half year low it touched on Thursday.China’s stock market opened 0.1% higher on Friday.

“It’s all so tenuous… the problem is the macro environment still remains difficult,” said Shane Oliver, chief economist at AMP Capital, adding that the market is in a tug of war between investors who see opportunities and those who are focused on the difficult environment. “It really is the U.S. bond show that drives broad markets and while liquidity is an issue, talk is there are just no buyers,” said Chris Weston, head of research at Pepperstone.

In the currency market, sterling dipped lower as investors digested the news that British Prime Minister Liz Truss had quit after just six weeks in office.Truss’ resignation surprised no-one and was met with little market reaction given the wholesale abandonment of her policies by the finance minister, said Tapas Strickland, head of market economics at National Australia Bank.The currency first weakened past the symbolic 150 level late Thursday afternoon in Tokyo.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Explain in football terms

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 37. in ES

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Asian stocks slip on recession fears, rising yieldsMSCI’s broadest index of Asia-Pacific shares outside Japan fell to more than two-year lows, while the Nikkei opened 1% lower
Fuente: BDliveSA - 🏆 12. / 63 Leer más »

Central bank meetings leave stocks lower and bonds strongerAsian shares fell to their lowest since April 2020 as risk appetite among investors faded
Fuente: BDliveSA - 🏆 12. / 63 Leer más »