TOKYO — Asian shares mostly rose Thursday as investors awaited the release of U.S. consumer price data and kept a cautious watch on the war between Israel and the Palestinian militant group Hamas.
Tensions in the Middle East are under the spotlight, with a possible escalation if nations like Lebanon or Iran are drawn in, which would set off significant movement in U.S. Treasuries, he said. The yield on the 10-year Treasury fell to 4.57% from 4.66% late Tuesday and from more than 4.80% last week, when it reached its highest level since 2007. Besides hurting prices for investments, high yields have jacked up rates for mortgages and other loans, which saps momentum from the economy.
“Fed officials are gradually taking comfort with the fact that the July rate hike may have been the last one in this historic tightening cycle,” said Gregory Daco, chief economist at EY.last month suggested officials see the outlook for the U.S. economy as particularly uncertain. They said they were ready to “proceed carefully” in deciding what to do next with rates.
felt extra pressure after it said it would buy Pioneer Natural Resources in an all-stock deal valued at $59.5 billion. Exxon Mobil fell 3.6%, and Pioneer Natural Resources rose 1.4%. Air Canada took one of their Montreal-based B787 first officers out of service on Monday after discovering posts that allegedly showed the pilot holding offensive signs at a Palestine protest.ReutersAfter nine days of chaos sparked by the sudden downfall of Kevin McCarthy, House Republicans have finally nominated a successor for the Speaker’s gavel: Rep. Steve Scalise , McCarthy’s longtime number two.
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