BANGKOK — Asian markets skidded on Monday, with Japan’s Nikkei 225 index down 4%, after a selloff Friday on Wall Street gave the S&P 500 its worst weekly loss since February.
Part of the Fed’s mission is to keep prices under control. The fear is that burgeoning inflation may prompt central banks to dial back the lavish support that has lifted markets to new highs after they plunged at the onset of the coronavirus pandemic last year. South Korea reported its exports rose nearly 30% in the first 20 days of June in the latest indication that the region’s recovery is steaming ahead despite lingering outbreaks of infections in many places.
Markets were spooked after St. Louis Federal Reserve President James Bullard said Friday on CNBC that his personal prediction was that the first rate increase may come as soon as next year.
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Asian stocks drop as Fed shift reverberates; Treasury yields slideAsian stocks dropped on Monday as investors mulled the implications of a surprise hawkish shift last week by the U.S. Federal Reserve, while the Treasury yield curve flattened further with 30-year yields dropping below 2%. ⚠️Reliable intel from Miles Guo: The Chinese Communist Party is preparing to release more lethal viruses to the world and attack Taiwan in next few months! 郭文贵 先生获得可靠情报，今日向全世界发出警报： 中共正试图在今年夏秋之交 ，对美欧释放更致命的病毒！并进攻台湾！ I invite you to Islam. Become a Muslim. Let your people be Muslims. Read and understand the Quran. The only religion in the sight of Allah is the valid religion, and the last religion is Islam. Eşhedü en la ilahe illallah wa ashhedu anne Muhammeden abduhu ve resulhu
Source: Reuters - 🏆 2. / 97 Read more »
Asian stocks drop as Fed shift reverberates; Treasury yields slideAsian stocks dropped on Monday as investors mulled the implications of a surprise hawkish shift last week by the U.S. Federal Reserve, while the Treasury yield curve flattened further with 30-year yields dropping below 2%. ⚠️Reliable intel from Miles Guo: The Chinese Communist Party is preparing to release more lethal viruses to the world and attack Taiwan in next few months! 郭文贵 先生获得可靠情报，今日向全世界发出警报： 中共正试图在今年夏秋之交 ，对美欧释放更致命的病毒！并进攻台湾！ I invite you to Islam. Become a Muslim. Let your people be Muslims. Read and understand the Quran. The only religion in the sight of Allah is the valid religion, and the last religion is Islam. Eşhedü en la ilahe illallah wa ashhedu anne Muhammeden abduhu ve resulhu
Source: Reuters - 🏆 2. / 97 Read more »
European stocks set to slide as Fed fears rattle global marketsEuropean stocks are expected to open sharply lower on Monday, following jitters in global markets over the more hawkish tone from the U.S. Federal Reserve. good
Source: CNBC - 🏆 12. / 72 Read more »