Asian stocks slump to 11-mth lows as higher-for-longer rate fears persist

FILE PHOTO: A woman walks past a man examining an electronic board showing Japan's Nikkei average and stock quotations in TokyoHONG KONG - Asian stocks slid to 11-month lows on Wednesday, U.S. futures dropped and the dollar surged as Treasury yields spiked back toward peaks on fears that U.S. interest rates will stay high.

"There is no anchor in U.S. treasuries," said Ben Luk, Senior Multi Asset Strategist at State Street Global Markets. Australian shares fell to a one-year low, as stronger-than-expected third-quarter inflation data raised bets that the central bank might raise rates next month. Oil prices rose about 2% on Wednesday on worries about the conflict in the Middle East, but gains were capped by higher U.S. crude inventories and gloomy economic prospects in Europe.South Korea's economy fared better than expected in the third quarter with the expansion underpinned by exports, backing the case for the central bank to keep rates on hold for the months ahead.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Stock market today: Asian shares mostly rise after US stocks wobble as Treasury bond yields veerTOKYO (AP) — Shares mostly rose Tuesday in Asia after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after creeping above 5%...
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

Treasury yields 'a two-sided risk' ahead of tech earningsMega cap tech companies are set to report earnings this week, starting with Google (GOOG, GOOGL) and Microsoft (MSFT) on Tuesday. While tech sector gains...
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »