The dollar hit a six-day high following the jump in Treasury yields, while inflation fears were bolstered as oil prices rose to their highest since 2014 on possible supply disruptions after attacks in the Gulf increased a tight supply outlook.
The two-, three- and five-year part of the yield curve will bear the brunt of expected Fed policy, said Tom di Galoma, a managing director at Seaport Global Holdings in Greenwich, Connecticut. Yields have jumped since minutes viewed as hawkish from the Fed’s December policy meeting showed it may raise rates sooner than expected and begin reducing its asset holdings to slow inflation and address a “very tight” labor market.
The pan-European STOXX 600 index fell as much as 1.44% before paring some losses to close down 0.97%. On Wall Street, the Dow Jones Industrial Average slid 1.08%, the S&P 500 fell 1.28% and the Nasdaq Composite slipped 1.76%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sick, incapacity leaves cost South Africa R14 billion since March 2020: Dlodlo - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Public Service and Administration Minister Ayanda Dlodlo says nearly 900 000 employees have used normal sick leave and incapacity leave since the outbreak of COVID19 in March 2020. I have been very fruitful ever since I have been investing with williamchurch09 . contacted Mr William after series of testimonies i saw online, i took courage and started investing with him. I have made my third withdrawal which are ten times the initial investment. I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent williamchurch09 guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work Mostly Government employees..... is a sport working with government people .. when u are working for Private... 1 day thing take them 2 weeks of begging them
Source: SABCNews - 🏆 37. / 51 Read more »