News Formal

Stocks shaken by US recession fears, bonds price for rate cuts

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

SYDNEY : Major share indices were deep in the red in Asia on Monday as fears the United States could be heading for recession triggered mass risk aversion and wagers interest rates will have to fall sharply, and quickly, to support growth.

A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan August 2, 2024. REUTERS/Issei Kato/File Photo

Two-year yields sank 50 basis points last week and could soon slide below 10-year yields, turning the curve positive in a way that has heralded recessions in the past. Investors will get a read on employment in the service sector from the ISM non-manufacturing survey due later Monday and analysts are hoping for a rebound to 51.0 after June's unexpected slide to 48.8.

The Swiss franc was a major beneficiary of the rush from risk, with the dollar near six-month lows at 0.8586 francs.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 6. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

After Income-Allianz deal, more consolidation could come for Singapore’s insurance industry: AnalystsGlobal investors are interested in Singapore and Southeast Asia, says one market observer.
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »

European tech stocks fall to six-month low, join in global sell-offLONDON : European technology stocks fell to their lowest level in over six months on Friday, amid a broad global equity sell-off and as investors dumped semiconductor stocks following disappointing earnings from Intel. The STOXX Europe 600 technology index was last down 3.
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »