SYDNEY : Asian shares slid and the dollar rose on Monday as investors hunkered down for U.S. inflation data that could jolt the outlook for interest rates globally, while accelerating or reversing the recent spike in bond yields.
In any case, it provided an extra excuse for caution and MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.7 per cent, after losing 2.2 per cent last week. The near-term direction for assets could well be determined by U.S. data on consumer prices and retail sales this week, with much resting on whether inflation continued to slow in January.
There were also changes to the weightings for shelter costs and used car prices which might bias the CPI higher. "The latest news reinforces conviction that we are not on a soft-landing path and that a recession will eventually be necessary to bring inflation back to central bank comfort zones." Yields on 10-year Treasuries are at five-week highs of 3.75 per cent, having jumped 21 basis points last week, while two-year yields hit 4.51 per cent.
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.
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »