Equity benchmarks in Australia, South Korea, Japan and China fell. The drop for Hong Kong’s Hang Seng Index pushed it more than 10% below its January peak.
Contracts for the S&P 500 declined after the index ended Tuesday little changed. Nasdaq 100 futures also slid after the gauge, which is more sensitive to higher interest rates, rose 0.7% on Tuesday. Australian and New Zealand bond yields climbed. The two-year Treasury yield held its gains after adding 10 basis points on Tuesday to touch the highest level since November. The 10-year Treasury benchmark was largely unchanged after falling four basis points in the prior session., and subsequent comments from policy makers.
Federal Reserve Bank of Philadelphia president Patrick Harker said the Fed was nearing the point where rates were restrictive enough. “In my view, we are not done yet,” he said. “But we are
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International Finance: Asian equities tumble ahead of US inflation data: markets wrapShares in Asia declined as investors positioned themselves for an action-packed week, including the release of US consumer price data that may confirm the inflation battle isn’t over, dashing hopes of a Federal Reserve rate pivot.
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International Finance: Asian stocks rise ahead of CPI; yen gains on BOJ: markets wrapShares climbed in Asia following a rally on Wall Street as investors positioned for US inflation data after a drop in wage-growth expectations eased some of the concern over rising prices.
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Asian stocks inch down as investors fret over US inflation dataRisks could be to the upside due to upward revisions to CPI in December and November after a reanalysis of seasonal factors I be sharing this good news on how am getting paid from AnthonyRobert__ platform if I didn't see others testifying I was doubting but now that am experiencing how great his platform is.I also recommend you to AnthonyRobert__ bitcoin mining for safe and secured investment
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