Asia stocks steady after day of steep losses

Sydney — Asian share markets stabilised on Tuesday after steep losses in the past 24 hours, while the US dollar remained elevated as investors considered the prospects interest rates would remain higher for longer in many developed economies.

“Sentiment in markets is dominated by central banks and the repricing of rates yet again,” Kerry Craig, JPMorgan Asset Management’s global market strategist, said. The repricing of higher rates began after strong US jobs growth in January, with employment rising 517,000, more than double economists’ expectations. The unemployment rate hit 3.4%, the lowest in more than 53 years.

“The market has repriced to expect that the Fed Funds rate will peak just above 5% and it now only anticipates very limited rate cuts, just one of 25 basis points by the end of this year,” ANZ economists wrote.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Business Maverick: Dollar rebound set to extend amid Fed speakers, China tensionsThree consecutive days of gains are giving hope to embattled dollar bulls who are looking to a slew of Federal Reserve speakers and rising US-China tensions to extend a nascent rebound.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »

World stocks fall on interest rate fears, strong dollar and political turbulenceA run of upbeat economic data suggests interest rates will have to rise further and stay higher for longer
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »

MARKET WRAP: Rand at worst level in six weeks as dollar soarsThe JSE tracked global peers weaker as investors assessed the US Federal Reserve’s next move
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »