Stocks hit by tech slide; yen flails at intervention zone

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Stocks hit by tech slide; yen flails at intervention zone

) hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.

A hotter-than-expected consumer price inflation report for March pushed back expectations of when the Fed will begin cutting interest rates, with markets pricing in a 70% chance of the first cut coming in September, CME FedWatch Tool showed. The yen, which is sensitive to U.S. Treasury yields, has felt the brunt of the dollar's ascent and is down 9% this year, the worst performing G-10 currency.

Attention will be on BOJ Governor Kazuo Ueda's comments on Friday as he tries to maintain a calibrated path to exiting ultra-easy rates without upending the currency. Kieran Williams, head of Asia FX at InTouch Capital Markets, said the dollar/yen pair looks to be trading roughly in line with relative interest-rate spreads, suggesting Japan's Ministry of Finance would be fighting strong headwinds.

 

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:

 /  🏆 450. 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.

Mixed Performance in Asian Stocks as Japanese Markets Rebound, Chinese Stocks FallAsian stocks were a mixed bag on Monday as Japanese markets rebounded from sharp losses seen last week, while Chinese stocks fell amid renewed concerns over the country’s property market.
Källa: Investingcom - 🏆 450. / 53 Läs mer »

Health insurer stocks slide as final Medicare Advantage rates disappointThe rate adds more pressure on insurers already grappling with high medical costs and uncertainty after the cyberattack on UnitedHealth Group's tech unit.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Stocks Slide as Tesla, Netflix, Intel, and Disney Face ChallengesTesla, Netflix, Intel, and Disney stocks faced challenges as Tesla disclosed operating losses, Netflix reported a decline in deliveries, Intel halted production due to an earthquake, and Disney faced investor concerns.
Källa: Investingcom - 🏆 450. / 53 Läs mer »

Stocks Slide as Inflation and Geopolitical Worries Weigh on Wall StreetStocks sold off Friday as inflation and geopolitical worries once again dented investor sentiment on Wall Street. A broad decline in major bank shares also weighed on the market.
Källa: NBCNewsHealth - 🏆 707. / 51 Läs mer »

'Bargain' energy stocks: Morningstar strategist picks 5 to buy as oil prices slide'Bargain' energy stocks: Morningstar strategist picks 5 to buy as oil prices slip
Källa: CNBC - 🏆 12. / 72 Läs mer »

When Tesla shares fall, these 6 stocks tend to rise, according to recent historyCNBC Pro screened for stocks that were inversely correlated to Tesla's over recent weeks.
Källa: CNBC - 🏆 12. / 72 Läs mer »