Asian stocks higher after Wall Street declines on growth worries

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 99%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Asian stock markets were mixed Thursday after Wall Street edged lower amid fears higher interest rates will chill global economic growth.

A currency trader watches monitors at a foreign exchange dealing room in Seoul, South Korea, June 23, 2022. Asian stock markets were mostly higher Thursday after the Federal Reserve chairman said the U.S. central bank wants to avoid causing a recession but one is possible as it raises interest rates to cool surging inflation.

"The market now accepts recession is a risk, having been in total denial," said Michael Every of Rabobank in a report. Investors worry U.S. and European rate hikes might derail global growth, but Powell said it is “absolutely essential” that the Fed restore stable prices. The Dow Jones Industrial Average gave up 0.2% to 30,483.13. The Nasdaq composite slipped 0.2% to 11,053.08.

Surging prices have soured consumer sentiment in the United States, the world's biggest market. Retail spending is sagging.

 

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:

 /  🏆 1. 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.

Asian stocks mixed after Wall Street declines on growth worriesAsian stock markets were mixed Thursday after Wall Street edged lower amid fears higher interest rates will chill global economic growth.
Källa: CTVNews - 🏆 1. / 99 Läs mer »

Global stocks rebound as Wall Street futures gain after holidayGlobal stocks rebounded Tuesday as Wall Street futures moved higher after a U.S. market holiday.
Källa: CTVNews - 🏆 1. / 99 Läs mer »