News Formal

Japan markets roiled by Abe resignation news, stocks choppy after Fed shift

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 71%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The yen pulled back from a two-week low and rose to 106.36 against the dollar.

TOKYO/WASHINGTON - Japanese financial markets were roiled in afternoon trade on Friday after news that Japanese Prime Minister Shinzo Abe will resign for health reasons later on in the day.

The 10-year U.S. Treasury yield rose to 0.7870%, the highest since June 10, which caused the yield curve to steepen, reflecting the Fed's tolerance for higher inflation. Markets swirled after Fed Chairman Jerome Powell laid out a policy that aims for 2% inflation on average so that too low a pace would be followed by an effort to lift inflation"moderately above 2% for some time."

"But Powell really didn't reveal much beyond that. Some people who were expecting a clearer steer on policy or some kind of cap on bond yields are left disappointed."

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Japan stocks tumble over 2%, safe-haven yen rallies after reports of PM Abe resigningTOKYO (AFP) - Stocks in Japan plunged more than 2 per cent on Friday (Aug 28) after reports said Japanese Prime Minister Shinzo Abe was set to resign owing to health reasons.. Read more at straitstimes.com.
Källa: The Straits Times - 🏆 8. / 63 Läs mer »