Asian stocks step back from record highs on rising bond yields, weak U.S. data

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Asian stocks pulled back from all-time peaks on Friday as higher longer-dated bond yields and underwhelming U.S. data dented investor confidence in a faster economic recovery from the COVID-19 pandemic, while gold hit a seven-month trough.

FILE PHOTO: A Stock Exchange of Hong Kong logo in Beijing, China September 4, 2020. REUTERS/Tingshu Wang

Core bond yields have pushed higher globally led by the so-called “reflation trade” where investors wager on a pick-up in growth and inflation. Successful coronavirus vaccine roll-outs so far and hopes of massive fiscal spending under U.S. President Joe Biden have spurred reflation trades. While rising yields weighed on investor sentiment, “disappointing U.S. jobless figures didn’t help the cause either,” Catril added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

stocks around world destroying everything with greed

Charloteamelia7 has proved to be the best news that has ever happened to me, Am very happy, and I will continue to testify about your good work until the world gets to know how genuine Charloteamelia7

Because... a virus that came from? investigation naaa, I can hear the laughs from here...

he has proven that he's genuine, and i can trust him with my last dime that's what i want for you all as well invest with michealweldon_1 🙏🏻🙏🏻,

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines