Asian stocks sag with dollar on hawkish Fed, China COVID worries

  • 📰 Reuters
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Asian stocks sagged on Thursday, tracking declines on Wall Street after the U.S. Federal Reserve projected higher interest rates would persist for a while.

slumped 0.94%, after climbing as high as 160.37 in the previous session for the first time since late August.lost 0.61%, although e-Mini futures pointed to a slight 0.09% bounce for Thursday's reopen.

The comments followed the Fed's decision to raise the benchmark rate by an as-expected half a percentage point - down from recent 75 basis point increases - but projected a terminal rate above 5%, a level not seen since a steep economic downturn in 2007. The 10-year Treasury yield slipped to 3.49% in Tokyo trading, with the two-year yield also edging lower to 4.24%.

Some analysts interpreted the reaction in rates and currency markets as a sign that traders doubt Powell's policy narrative, retaining bets for an earlier easing of inflation and sooner Fed pivot.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 2. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Asian Stock Market: US inflation-led relief jostles with pre-Fed anxiety, China concernsAsian Stock Market: US inflation-led relief jostles with pre-Fed anxiety, China concerns – by anilpanchal7 Asia RiskAppetite China Fed Inflation
مصدر: FXStreetNews - 🏆 14. / 72 اقرأ أكثر »