News Formal

Asian Stocks Decline as Dollar Strengthens on Elevated Treasury Yields

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 72%

Finance Nyheter

Asian Stocks,Dollar,Treasury Yields

Asian stocks declined to their lowest point in a week, and the dollar exhibited strength as elevated Treasury yields dampened sentiment.

The downward pressure followed hawkish remarks from U.S. Federal Reserve Chair Jerome Powell, who basically dumped ice water on the thought of peak Fed. Though market sentiment remains bearish, WTI and Brent crude prices have rebounded from their 16-week lows. The modest recovery comes amid ongoing concerns about waning demand in the United States and China. There has been a steady buy-dip all week long in Asia, possibly on local expectations of some degree of intervention from OPEC.

Still, with reports of Russia increasing exports, keeping all actors in line could be a challenge. Solving worries regarding a constrained global oil supply-demand situation for the fourth quarter exerted downward pressure on prices. According to the Energy Information Administration's monthly Short-term Energy Outlook released on Tuesday, world oil production in the fourth quarter is projected to reach 102.

 

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:

 /  🏆 14. 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.

U.S. Stocks Close Lower as Treasury Yields RiseU.S. stocks closed lower Thursday, snapping the longest winning streaks for the Nasdaq and S&P 500 in two years, as Treasury yields climbed after a disappointing auction of 30-year bonds and comments from Federal Reserve Chair Jerome Powell.
Källa: NEWSMAX - 🏆 16. / 71 Läs mer »

Asian stocks buoyed by earnings, China lags on disinflation woesAsian stocks buoyed by earnings, China lags on disinflation woes
Källa: Investingcom - 🏆 450. / 53 Läs mer »

30-Year Treasury Auction Breaks Bad, Sinks Stock MarketLack of demand send bond yields high.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Stock market today: Asian shares mostly slip ahead of China-US meetingAsian shares are mostly lower in muted trading as attention focuses on prospects for improved China-U.S. relations from meetings next week on the sidelines of a Pacific Rim summit.
Källa: wjxt4 - 🏆 246. / 63 Läs mer »