An Asian share index fell more than 2%, the most in over two months. Losses on Nasdaq 100 and European futures were at least 1.5%. China and Hong Kong declines were smaller amid progress on the US-China delisting spat.
Bonds sold off amid a deepening inversion of the US yield curve that underscores expectations of a recession under tightening monetary policy. The US two-year yield, sensitive to expectations around Fed policy, hit 3.45%last week at the Fed’s Jackson Hole symposium flagged the likely need for restrictive monetary policy for some time to curb high inflation and cautioned against loosening monetary conditions prematurely.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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Stocks keep sliding as dollar hits two-decade high on rates fearsFed chair Jerome Powell's promise of policy “pain” to contain inflation quashes hopes of the central bank rescuing markets
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