News Formal

Business Maverick: Asian stocks fall as yields surge with rate hikes: markets wrap

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 84%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Stocks in Asia headed for a sixth weekly decline following another day of losses for US shares and surging Treasury yields that underscore expectations for tighter monetary policy and a slowing global economy.

Equities fell on Friday in Hong Kong, Australia and South Korea after the S&P 500 closed at the lowest level since June. US futures fluctuated.

There is no trading of cash Treasuries in Asian hours with markets closed in Japan for Autumnal Equinox Day. Japan’s intervention hasn’t addressed the underlying cause of yen weakness – the yawning gap between Japan’s ultra-loose monetary policy and rising rates in other countries – leaving the currency vulnerable.

“We see this new even-higher-for-longer rate path as associated with a substantially higher likelihood of a hard landing, and so not just unambiguously hawkish but unambiguously bad for risk,” said Krishna Guha, vice chairman of Evercore ISI.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Business Maverick: Tech Rout Hits Stocks as Hike Frenzy Boosts Yields: Markets WrapStocks dropped and bond yields hit multiyear highs after a slew of global central banks joined the Federal Reserve in hiking interest rates to curb scorching levels of inflation at the expense of economic growth.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

Business Maverick: Stocks Bounce as Yields Drop in Countdown to Fed: Markets WrapStocks bounced back as Treasury yields halted their surge, with traders awaiting to hear the Federal Reserve’s policy decision and its “dot plot” of economic projections that’s expected to show a push to hold rates higher for longer.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

Business Maverick: Asian stocks fall as yields surge with rate hikes: markets wrapStocks in Asia headed for a sixth weekly decline following another day of losses for US shares and surging Treasury yields that underscore expectations for tighter monetary policy and a slowing global economy.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »