Google gives jittery stocks a lift ahead of Fed

SINGAPORE : Better-than-expected results at Microsoft and Google helped soothe a nervous mood in stock markets on Wednesday, while a cut in Russian gas flow dragged on the euro and a Federal Reserve meeting due later in the day kept bonds and the dollar on edge.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 per cent and Japan's Nikkei fell 0.3 per cent. " does need to give the sense that fighting inflation is their number one priority, otherwise the sense is that inflation will stay higher for longer," he said. Benchmark 10-year Treasury yields were steady at 2.8068 per cent on Wednesday, below two-year yields at 3.0528 per cent.On top of worries about interest rates damaging economies, Europe faces an energy crisis and China is beset by restrictive COVID-19 policies and fresh fears of a property market collapse.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks wobble on Walmart warning, looming Fed hikeHONG KONG : Asian shares wobbled on Tuesday and bonds were firm as a profit warning from Walmart put consumption and company earnings under a cloud ahead of what is likely to be another sharp U.S. interest rate hike.MSCI's broadest gauge of Asia stocks outside Japan meandered just above flat. Japan's Nikk
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »