"The focus is shifting away from the positive impact of disinflation towards concerns around growth."
"People realizing that the earning season hasn't actually been all that great," he said. "Investors are starting to expect lower profit margins as inflation comes down." The U.S. dollar index was little changed, at around 103.26 , while the 10-year U.S. Treasury yield was a touch higher at 3.6883% , close to a one-month high.The Japanese yen broadly strengthened after reports that the Japanese government wasThe dollar was down 0.5% against the yen, with the pair at 130.895 .
"The news surprised the market as he would bring a bit more of a hawkish tilt to monetary policy than the top contender, Masayoshi Amamiya," ING said in a note to clients, adding that the market reaction could prove "temporary".In Europe, German government bond yields edged higher, heading towards their most significant weekly rise so far this year as European Central Bank policymakers fought back against market expectations for a quick end to rate hikes.
Meanwhile, oil prices jumped more than 2%, heading for weekly gains, as Russia announced plans to reduce oil production next monthInvestor focus is now on the crucial U.S. consumer price data due Tuesday.Elizabeth HowcroftReports on the intersection of finance and technology, including cryptocurrencies, NFTs, virtual worlds and the money driving "Web3".
Don’t follower Reuters garbage news