Asian Stock Market: Sentiment turns cautious ahead of FOMC minutes, oil drops below $77.00

Committee minutes for fresh impetus. Investors seem more worried about the cues that will portray policy projections for CY2023. Also, expectations of delayed recovery in China despite the sheer pace of reopening of the economy have triggered aAt the press time, Japan’s Nikkei225 plunged 1.30%, ChinaA50 added 0.3%, Hang Seng soared 2.40% while Nifty50 remained flat.

Japanese stocks are facing immense heat on Wednesday after a stretched weekend. Nikkei225 is sensing immense selling pressure despite the Bank of Japan Governor Haruhiko having promised more policy easing to accelerate wage growth and inflation to meet the inflation targets raised recently by the central bank.have attempted a recovery, however, the sentiment is still risk-averse. Chinese administration has executed reopening measures at a sheer pace while the plan has resulted in a spike in the number of Covid-19 cases. As the economy is set on the track of reopening, it is highly likely that firmer demand from corporate would accelerate inflation.

On the oil front, oil prices have surrendered the immediate support of $77.00. Investors dumped the blackon Tuesday as investors see more interest rate hikes by the Federal Reserve to tame the stubborn inflation. Investors are keenly waiting for the release of FOMC minutes, which will provide sufficient information on the policy outlook.

Negative commentary on economic projections by the International Monetary Fund has also triggered the risk of recession, which is a negative trigger for the oil demand. Managing Director Kristalina Georgieva of the IMF cited on the CBS Sunday morning

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.

This stock-market indicator sends a bullish signal amid bearish Wall Street sentiment, BofA saysRecommended allocations to stocks have dropped to levels that historically have sent a contrarian, bullish signal to the U.S. stock market, according to BofA...
Source: MarketWatch - 🏆 3. / 97 Read more »

Asian Stock Market: Traces recovery in S&P500 futures, oil struggles around $80.00Markets in the Asian domain have followed the footprints of S&P500 futures as the latter recovered sharply in early trade. United States equities futu
Source: FXStreetNews - 🏆 14. / 72 Read more »

STOCK MARKET NEWS: Markets closed, 2023 oil gains, gas higher, Musk's next Twitter File releaseReport: Oil gains minimal in 2023, next Twitter File focus on Fauci. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Stock Market Outlook 2023: Risks Skewed to the Downside  | Investing.comStocks Analysis by Fawad Razaqzada covering: DAX, Nikkei 225, DAX Futures, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: What to WatchU.S. stock futures gained to start the new year. Follow the latest markets updates. Drop your handles let's follow you👁~🛢️
Source: WSJ - 🏆 98. / 63 Read more »

5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day. CNBC, PLEASE have girls learn some football lingo and drop ban on sports analogies. Becky talks it. Rather hear Joe and Mohamed El-Erian than ESPN or other sports announcers, except maybe Tony Romo, Chris Simms, Tony Dungy, and Fox Sports crew. Oh, and Payton and Eli. - Helen
Source: CNBC - 🏆 12. / 72 Read more »