Asian Stock Market: Virus woes test bulls, US inflation in focus

Also positive for the markets were downbeat inflation data from China and firmer second-tier employment figures from Australia. It should be noted, however, that anxiety ahead of the US Consumer Price Index for December joins coronavirus-linked updates to challenge the investors.drops by around 1.0% heading into Wednesday’s European session.

Furthermore, Australia's Job Vacancies for three months to November jumped past -9.8% prior to 18.5% QoQ during early Asia. On Tuesday, Wall Street cheered Fed Chair Jerome Powell’s measured Testimony that showed readiness to hike interest rates but remained cautious over balance sheet normalization. Fed’s Powell also expected that the supply crunch will ease somewhat and the economic impact of the Omicron variant will be short-lived.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Zynga, Lululemon, Virgin Orbit, Tilray: What to Watch When the Stock Market Opens TodayLululemon said its profit will come in at the low end of its guidance; Virgin Orbit shares were gaining premarket.
Источник: WSJ - 🏆 98. / 63 Прочитайте больше »

5 things to know before the stock market opens MondayU.S. stock futures dropped Monday after a rough first trading week of the new year as tech stocks were battered by rising bond yields
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Plenty of risks, but analysts are skeptical on a serious stock market downturnInflation, central bank policy tightening and Covid-19 infection rates continue to threaten the bull run for stocks. Thanks you for the great review that we had the other day. You made it easier for me to understand MichaelWeldon_ $43k earned🙌 Meaning, “There’s a crash of historical proportions coming.” They've been saying this for years
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

We're Buying More of This High-Quality Health-Care Stock Amid the Market Sell-OffThis buy will increase DHR’s weight in the portfolio from about 1.78% to roughly 2.13%. Sellout Kramer
Источник: NBCDFW - 🏆 288. / 63 Прочитайте больше »

IMF: Crypto is no longer an investment hedge due to stock market correlationThe International Monetary Fund (IMF) has stated that the increasing correlation between the cryptocurrency sector and the stock market rules... Continue reading
Источник: CryptoPanicCom - 🏆 563. / 51 Прочитайте больше »