News Formal

Asian stocks sag with dollar as hawkish Fed spurs recession fears

  • 📰 Reuters
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Asian stocks sagged on Thursday, tracking declines on Wall Street, after the U.S. Federal Reserve projected higher interest rates for a longer period.

slumped 0.91%, after climbing as high as 160.37 in the previous session for the first time since late August.lost 0.61%, although e-Mini futures pointed to a slight 0.06% bounce for Thursday's reopen.

"This is a very hawkish signal from the Fed: a substantially higher terminal rate than back in September that also has a real upside risk attached to it," TD Securities analysts wrote in a client note. The 10-year Treasury yield slipped back below 3.5% in Tokyo trading, with the two-year yield also edging lower to under 4.24%.

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.

Etrade dont exactly allow me to trade on china stocks so.. not tall that important to me .

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Asian Stock Market: US inflation-led relief jostles with pre-Fed anxiety, China concernsAsian Stock Market: US inflation-led relief jostles with pre-Fed anxiety, China concerns – by anilpanchal7 Asia RiskAppetite China Fed Inflation
Source: FXStreetNews - 🏆 14. / 72 Read more »