Banks, energy and mining lead Asian market gains

Hong Kong — Gains in banks, energy and mining stocks lifted Asian equities a little higher on Tuesday as investors braced for aggressive US rate hikes and war disrupting oil supplies.The yen fell through the key 120 level against the dollar for the first time since 2016 and treasuries extended losses after US Federal Reserve chair Jerome Powell on Monday flagged a more aggressive tightening of monetary policy than previously anticipated.

Meanwhile, “investors are coming to terms with the fact that the developed markets' central banks would normalise monetary policy”, he said. Treasuries and US stock futures remained on edge, with S&P 500 futures down 0.3% and rates-sensitive Nasdaq 100 futures down 0.4%. Benchmark 10-year Treasury yields hit an almost three-year high of 2.3330%.The Japanese yen, also sensitive to rising US rates, fell past 120-per-dollar briefly and last bought 119.90.

Meanwhile, a lack of progress in the Russia-Ukraine peace negotiations continued to weigh on sentiment. Conflict raged on as Ukraine said on Monday it would not obey ultimatums from Russia after Moscow demanded it stop defending besieged Mariupol.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PHANTOM SHARES: The Finance Ghost: Strong run by banks, Blue Label Telecoms’ complex plans to refinance Cell CLast week Standard Bank released results for the year to December 2021 that reflected a solid rebound in performance, with an increase in return on equity from 8.9% in 2020 to 13.5% in 2021. Based on the latest net asset value per share of R124.93 and a price of R173 per share at the time of writing, Standard Bank is trading at a substantial premium to net asset value of 38.5%.
Source: dailymaverick - 🏆 3. / 84 Read more »

Bitcoin mining delivering big profits for energy companiesWhen Beowulf Mining Plc built a data centre in Montana for a major Bitcoin miner in 2020, the three-decade old energy company saw a big opportunity.
Source: mybroadband - 🏆 11. / 67 Read more »

Russia allows some more financial market operations over next two weeksRussia's central bank has allowed a limited number of additional financial market operations over the next two weeks, as it tentatively eases restrictions linked to the Ukraine conflict. I will never stop posting about Mrs Amelie AmelieBtc1 because my happiness and joy was because of your good works toward my life and family, but sincel don't have any means to show appreciationI will tell the whole world that Mrs AmelieBtc1 is the best of all
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Russia allows some more financial market operations over next two weeksRussia's central bank has allowed a limited number of additional financial market operations over the next two weeks, as it tentatively eases restrictions linked to the Ukraine conflict. I will never stop posting about Mrs Amelie AmelieBtc1 because my happiness and joy was because of your good works toward my life and family, but sincel don't have any means to show appreciationI will tell the whole world that Mrs AmelieBtc1 is the best of all Russia will eventually collapse financially. They will suffer badly in the long run
Source: TimesLIVE - 🏆 28. / 59 Read more »