Inflation worries temper Asian stocks rally

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Inflation worries temper Asian stocks rally
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A report from the US later on Thursday will give direction on interest rate hikes

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A pedestrian looks at an electronic stock board displaying the Nikkei 225 Stock Average outside a securities firm in Tokyo, Japan. Picture: BLOOMBERG/KIYOSHI OTA

Japan’s blue-chip Nikkei started the day almost 1% higher before beginning a steady slide that took it close to negative territory. It later rebounded to be 0.33% higher.MSCI’s broadest index of Asia-Pacific shares eked a 0.10% gain. US futures pointed lower though, indicating a 0.28% retreat for the Nasdaq and a 0.23% decline for the S&P .

A more hawkish tone from both the European Central Bank and the Fed last week caught markets off guard, sending yields soaring.

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Worries around the prospects of big tech stocksWorries around the prospects of big tech stocksICYMI: Today on the MoneywebNOW podcast with SimonBrown, TraderPetri takes a look at US markets. Old Mutual’s Andrew Dittberner talks US tech stocks. Gareth Elston from Reitway Global on the impact of inflation on Reit stocks. Download the podcast: TraderPetri When my business started experiencing a hard time and it was like there is no hope, then I met this genius and beautiful Vina_Redmon after partnering with her company platform I started having a nice turn around and positive change. TraderPetri Few month ago I was struggling to fend for my self and my kids ,at my last bus stop I decided to give Bitcoin trading a try ,through the help of _ambreymarcus1 I was able to earn R250,000 in 2 weeks thank you so much Mr _ambreymarcus1 .
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Miners and banks propel South African stocks on record pathMiners and banks propel South African stocks on record pathSouth African stocks headed for a record close as industrial metals producers led gains, while gold miners climbed thanks to haven demand for bullion and bank shares hit the highest since July 2019.
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