Stocks, commodities sucked into 'risk-off' vortex on US economy jitters

LONDON, June 4 - Stocks and commodities slid on Tuesday, as investors grew increasingly uneasy about evidence that the U.S. economy's"exceptionalism" may be starting to unwind as manufacturing activity there weakened further.

"Most people would have assumed that where the fed funds rate is right now is in restrictive territory. That is bearing down on underlying inflation and bearing down on some of the dynamism in spending," he said. In India, share markets sold off sharply after early vote counting showed Prime Minister Narendra Modi's Bharatiya Janata Party -led alliance was not headed for a landslide win as predicted.

"We're expecting a slight easing in demand for labour in the U.S. market," said Raisah Rasid, JPMorgan Asset Management's global market strategist. The yield on benchmark 10-year Treasury notes fell 2 basis points to 4.381%, while the two-year yield , which rises with traders' expectations of higher Fed fund rates, fell 1 bps to 4.8058%.

The dollar fell 0.8% against the yen, viewed by many as a safe-haven asset because of the low interest rate it bears, to 154.88 , around its lowest for two weeks and over 3% down from late April's multi-year high at 160.03.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Fad stocks vs. trend stocks: ExplainedAre you considering venturing into the stock market? You may want to be cautious about fad and trend stock investments. Fad stocks are often characterized by...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

A Heavy Monsoon Season Is Great News for These Indian StocksStocks of Indian firms that earn a large chunk of their revenues from the nation’s hinterland are showing signs of a revival, as traders bet that bountiful monsoon rains will lead to better crop yields and boost rural demand.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

A Heavy Monsoon Season Is Great News for These Indian Stocks(Bloomberg) -- Stocks of Indian firms that earn a large chunk of their revenues from the nation’s hinterland are showing signs of a revival, as traders bet...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Oil price news: Oil trades near 3-month low on rising stocks and hawkish FedOil steadied near the lowest closing level in three months as traders weighed rising U.S. crude stockpiles and signs that the U.S. Federal Reserve may hold interest rates higher for longer.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »