News Formal

Stocks in Asia Set to Follow Wall Street Lower on Rate Speculation

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 29 sec. here
  • 20 min. at publisher
  • 📊 Quality Score:
  • News: 78%
  • Publisher: 63%

Finance Новости

Stocks,Asia,Wall Street

Stocks in Asia are expected to decline following Wall Street's lead as speculation grows that major central banks will maintain higher interest rates for a longer period. Economic data and a rally in commodities have contributed to this speculation. The opening of equities in Australia was down, while futures indicated declines in Japan and little change in Hong Kong. Skepticism about the pace of Federal Reserve easing has increased due to better-than-estimated data on US job openings and factory goods orders. This has led traders to project fewer rate cuts in 2024, causing 10-year yields to reach their highest levels since November. The repricing of central-bank bets, which had been ignored by US stocks during a recent rally, has now weighed on the market.

Stocks in Asia are set to follow Wall Street lower after solid economic readings and a rally in commodities spurred speculation that major central banks will keep interest rates higher for longer. Equities opened down in Australia, while futures indicated declines in Japan and little change in Hong Kong.

Better-than-estimated data on US job openings and factory goods orders added to skepticism about the pace of Federal Reserve easing, leading traders to project fewer rate cuts in 2024 than the central bank itself and sending 10-year yields to the highest levels since November. That weighed on US stocks — which had been ignoring the repricing of central-bank bets in the last few months amid a torrid rally. "Stock bulls may find it difficult justifying buying stocks at these elevated levels as yields rise," said Fawad Razaqzada at City Index and Forex.co

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 47. in RU

Россия Последние новости, Россия Последние новости

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

Wall Street's most bullish strategist cites a 'big surprise' pushing stocks higher: Morning BriefAs stocks rally to record highs, Wall Street strategists continue to raise their forecasts to keep pace.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Markets today: U.S. stocks rise on Wall Street's 'soft landing' hopesThe relentless rally in stocks powered ahead on optimism the Federal Reserve will be able to engineer a soft landing, which would bolster the outlook for corporate earnings.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

Markets today: Stocks fall as Wall Street trims risk before FedStocks fell as traders took some chips off the table ahead of the highly anticipated U.S. Federal Reserve decision that will help shape the outlook for rate cuts this year.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

Stock market today: Stocks retreat as Wall Street weighs hot inflation's impact on FedInvestors are weighing whether two big hot inflation prints will prompt a Fed rethink on rate cuts as its March policy meeting looms.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »