Asia Stocks to Catch Breath After Wild Bond Moves: Markets Wrap

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

(Bloomberg) -- Asian stocks are set for mild gains following wild swings in Treasuries overnight and the lowest S&P 500 close since May. Oil edged higher...

-- Asian stocks are set for mild gains following wild swings in Treasuries overnight and the lowest S&P 500 close since May. Oil edged higher after sinking Monday as the next stages of the Israel-Hamas war remain clouded.Treasury 10-Year Yield Breaches 5% for First Time Since 2007Australian stocks saw small gains in early trading, while futures point to a bump in Japan shares. In the US, the S&P 500 fell for a fifth straight session — its longest slide this year.

Some of the market’s most prominent bond bears are saying the historic rout in US Treasuries has gone too far. Billionaire investor Bill Ackman wrote in a social media post that he unwound his bet against US government bonds amid rising global risks. Bill Gross, co-founder of Pacific Investment Management Co., wrote that he’s buying short-dated interest-rate futures in anticipation of a recession by year-end.

Elsewhere, Bitcoin topped $31,000 to reach the highest price since May last year, extending a rally fueled by expectations of fresh demand from exchange-traded funds. Argentina’s dollar bonds were the worst performers in emerging markets as investors fret over a presidential runoff between the nation’s economy minister and a radical libertarian.Nvidia is using Arm Holdings Plc technology to develop chips that would challenge Intel Corp.

Roche Holding AG will pay $7.1 billion to acquire Telavant Holdings Inc., a developer of a promising therapy for treating inflammatory bowel disease. United Auto Workers union members at Stellantis NV’s lucrative truck plant in Sterling Heights, Michigan, walked off the job Monday morning, a surprise hit designed to extract further concessions in the sixth week of the strike against Detroit’s three biggest automakers.

 

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

 /  🏆 47. in NG

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.

Asia Stocks to Catch Breath After Wild Bond Moves: Markets WrapAsian stocks are set for a cautious opening after the S&P 500 edged down to its lowest close since May, with trading dominated by bond market swings. Oil edged higher after sinking Monday as the next stages of the Israel-Hamas war remain clouded.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asia Stocks Set For Losses as US Volatility Rises: Markets WrapAsian stocks are set to fall in early trading as the rout in US stocks and Treasuries deepened amid geopolitical angst and worries global interest rates will stay elevated for longer.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asia Stocks Set For Losses as US Volatility Rises: Markets Wrap(Bloomberg) -- Asian stocks are set to fall in early trading as the rout in US equities deepened amid geopolitical angst and worries global interest rates...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Battered Philippine Stocks Near Cheapest Versus Asia in 13 YearsPhilippine stocks are trading near their cheapest level versus Asian peers in 13 years amid an ongoing exodus of foreign investors from the Southeast Asian nation.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Toronto stocks slip as commodity stocks drag, rising yield weighMarket News
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »