Asia stocks paralyzed, bonds electrified by recession risk

  • 📰 Reuters
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Asian shares braced for more volatility on Thursday as eye-catching easings by c...

SYDNEY - Asian shares braced for more volatility on Thursday as eye-catching easings by central banks stoked fears of global recession, driving U.S. yields to near-record lows and lifting gold past $1,500 for the first time since 2013.

Early Thursday, Asian share markets were wobbly, as investors tried to find their footing after enduring a string of heavy losses. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.03%, having shed 8% in less than two weeks. Ten-year yields dropped further below three-month rates, an inversion that has reliably predicted recessions in the past.

Futures moved to price in a 100% probability of an Fed easing in September and a near 30% chance of a half-point cut. Some 75 basis points of easing is implied by January, with rates ultimately reaching 1%. The Bank of Japan would be under particular pressure as its yen has gained sharply from the flood to safe havens, leaving it at 106.10 per dollar from 109.30 just a week ago.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Was it a difficult choice deciding on which picture to use for this story?

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:

 /  🏆 2. 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 turn lower on lingering trade war fears, yuan slipsShares in Asia fell for an eighth straight session on Wednesday on lingering wor... Or could it be the terror being waged in HK by the PRC 🤔
Källa: Reuters - 🏆 2. / 97 Läs mer »