Asia Stocks to Follow US Slide as Fear Gauge Rises: Markets Wrap

-- Asian shares are set to follow a slump in their US peers after employment data bolstered the case for the Federal Reserve to keep interest rates elevated and pushed up Treasury yields to new multi-year highs.Airbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.

Australia and New Zealand sovereign bonds dropped from the open. New Zealand’s central bank is forecast to keep interest rates on hold later Wednesday but policymakers may leave the door open to another increase if needed to tame inflation. China is in the midst of a week-long holiday. Comments from other Fed policymakers were also hawkish, with Cleveland Fed president Loretta Mester saying on Monday that one more rate hike was likely needed and Governor Michelle Bowman urging multiple increases.

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Asia Stocks to Follow US Slump as Fear Gauge Rises: Markets WrapAsian shares are set to follow a slump in their US peers after employment data bolstered the case for the Federal Reserve to keep interest rates elevated and pushed up Treasury yields to new multi-year highs.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asia Stocks Set to Drop After Slump in Treasuries: Markets WrapSovereign bonds and shares declined in Asia after hawkish signaling from the Federal Reserve intensified a selloff in Treasuries and fueled a volatile session for the S&P 500.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asia Stocks Set to Fall After Slide in Treasuries: Markets Wrap(Bloomberg) -- Asian shares look set to fall after hawkish signaling from the Federal Reserve intensified a rout in Treasuries and caused the S&P 500 to whipsaw in a volatile session.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Survey SaysJPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Big Tech Spared as Bond Selloff Rattles
Source: YahooFinanceCA - 🏆 47. / 63 Read more »