Asian stocks up on hopes Fed will adopt slow approach to more hikes

The yield on benchmark 10-year Treasury notes touched 4.0556% compared with its U.S. close of 4.073% on Thursday. The two-year yield , which rises with traders' expectations of higher Fed fund rates, rose to 4.8913%compared with a U.S. close of 4.904%.

In currencies, the dollar index , which tracks the greenback against a basket of currencies of other major trading partners, was down at 104.86. The index is now up more than 1% for the year, but still down from a September high around $114. The dollar eased 0.15% to 136.55 yen , after climbing to 137.10 overnight, the highest since Dec. 20.

The euro rose 0.08% to $1.0602, after moving off a nearly two-month low of $1.0533 at the start of the week. In the energy market, oil prices remained firm, boosted by signs of a strong economic rebound in top crude importer China and easing worries of aggressive U.S. rate hikes.Gold was slightly higher. Spot gold was traded at $1839.95 per ounce.

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.

Asian stocks mixed early Thursday after inflation fears again get the better of Wall StreetShanghai and Seoul advanced, while Tokyo and Hong Kong declined.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Asian Stock Market: Displays caution as yields soar, oil eyes $78.00Markets in the Asian domain have turned cautious as US Treasury yields are soaring like there is no tomorrow. The alpha offered on the 10-year US gove
La source: FXStreetNews - 🏆 14. / 72 Lire la suite »

Stock market news today: S&P 500 flops in February on Fed fearsUS stocks end lower to cap off losing month of February Thanks Biden!!
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »