Asian stocks sink as rate jitters worsen ahead of US payrolls data

Investing.com-- Most Asian stocks fell on Friday, tracking overnight declines on Wall Street as hawkish signals from Federal Reserve officials, especially ahead of key payrolls data, spurred more uncertainty over U.S. interest rate cuts.

Fears of a worsening conflict in the Middle East- as Iran threatened military action against Israel- kept risk appetite largely subdued. Regional trading volumes were also muted on account of a Chinese market holiday. Asian stocks took a weak lead-in from Wall Street, as U.S. benchmarks fell more than 1% on Thursday after Fed officials warned that sticky inflation will delay any potential interest rate cuts this year. Anticipation ofThe Nikkei was hit with extended profit-taking after surging to record highs in March. The index has also struggled to make headway in April with increased uncertainty over the path of inflation and monetary policy in the country.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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.

Stock market today: Asian stocks gain ahead of US and Japan rate decisionsAsian stocks have gained ahead of policy decisions this week by Japan's central bank and the Federal Reserve. Chinese data released Monday were mixed, with property investment falling while other indicators showed improvement. Japan's benchmark jumped 2.7% on news that companies plan substantial wage hikes, which could boost the economy.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian stocks gain ahead of US and Japan rate decisionsAsian stocks are higher ahead of policy decisions this week by Japan's central bank and the Federal Reserve.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian stocks gain ahead of US and Japan rate decisionsAsian stocks are higher ahead of policy decisions this week by Japan's central bank and the Federal Reserve. Chinese data released Monday were mixed, with property investment falling while other indicators showed improvement. Japan's benchmark jumped 2.4% on news that companies plan substantial wage hikes, which could boost the economy.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian stocks gain ahead of US and Japan rate decisionsAsian stocks are higher ahead of policy decisions this week by Japan's central bank and the Federal Reserve.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares trading mixed after Wall Street’s momentum coolsAsian shares were mixed in muted trading, as buying in some markets was soon erased by profit-taking. Japan’s benchmark Nikkei 225 finished little changed Tuesday. Shares fell in Sydney, but rose in South Korea and China. Wall Street edged back further from its record heights reached last week. The S&P 500 slipped 0.
Source: AP - 🏆 728. / 51 Read more »