Stocks slide as corporate results spur recession fears

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Global equity markets skidded on Wednesday as poor corporate results fueled recession fears, as did the ongoing inversion of short- and long-dated Treasury yields – a harbinger of economic downturns. | Reuters

But with the Fed’s overnight borrowing rate at 4.25 percent to 4.5 percent, it is “restrictive” and slowing growth, potentially causing large job losses in the next month or two that will lead the U.S. central bank to cut interest rates by mid-year, he said.

Futures are pricing in a 94.7 percent probability of a 25 bps hike when Fed policymakers end a two-day meeting on Feb. 1. While the U.S. central bank will make some changes, “they’re not significant enough to scare the Fed away from its stated marching orders,” Grahn said. “The enemy is inflation, the catalyst is the labor market and that’s the bottom line.”Wall Street closed littled changed. The Dow Jones Industrial Average rose 0.03 percent, the S&P 500 slid 0.02 percent and the Nasdaq Composite dropped 0.18 percent after losses of more than 2% earlier.

Earlier the Australian dollar hit a five-month high as rising inflation data bolstered the case for another rate increase from the Reserve Bank of Australia next month. Data showing German business morale brightened in January did little to push the single currency higher for now.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Stocks decline on profit taking ahead of Q4 GDP - BusinessWorld OnlineSHARES closed lower on Tuesday due to profit taking as investors await the release of the full-year 2022 gross domestic product (GDP) data this week. The benchmark Philippine Stock Exchange index (PSEi) went down by 28.18 points or 0.39% to close at 7,041.50 on Tuesday, while the broader all shares index lost 4.77 points or […]
ソース: bworldph - 🏆 9. / 68 続きを読む »