SINGAPORE : Stocks headed for a weekly loss on Friday as the prospect of aggressive global rate hikes finally began to rattle investors, while bonds fell and the dollar looked set for its best week in a month.
Federal Reserve policymakers are ready to start cutting the central bank's asset holdings from May and are prepared to move rates higher 50-basis-points at a time to curb inflation, meeting minutes and remarks from officials showed this week. "The last two decades brought low inflation and a relatively peaceful world. Going forward geopolitical conflicts may become more and more volatile and have more of an impact on the whole world's economy."
Elsewhere long-end Treasuries have borne the brunt of this week's selling in haemorrhaging bond markets as traders see it hit hardest by the Fed cutting bond holdings.
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.
These 4 Singapore Blue-Chip Stocks Could Boost Your Portfolio: Here’s WhyClear catalysts could set the stage for these four blue-chip companies to perform well this year. The post These 4 Singapore Blue-Chip Stocks Could Boost Your Portfolio: Here’s Why appeared first on The Smart Investor.
Source: YahooSG - 🏆 3. / 71 Read more »
Oil headed for 3per cent weekly fall on emergency stocks releaseMELBOURNE : Oil prices inched up on Friday but were set to fall around 3per cent for the week after consuming countries agreed to release 240 million barrels of oil from emergency stocks to help offset disrupted Russian supply.Brent crude futures rose 13 cents, or 0.1per cent to $100.71 a barrel at 0139 G
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asian stocks skid, bond yields up after hawkish Fed commentsTOKYO : Asian share markets slipped on Wednesday as investors faced up to the possibility of aggressive monetary tightening by the U.S. Federal Reserve to fight inflation, while focus was also on new Western sanctions against Russia over its invasion of Ukraine.U.S. Treasury yields hit multi-year highs an
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Oil headed for 3per cent weekly fall on emergency stocks releaseMELBOURNE : Oil prices inched up on Friday but were set to fall around 3per cent for the week after consuming countries agreed to release 240 million barrels of oil from emergency stocks to help offset disrupted Russian supply.Brent crude futures rose 13 cents, or 0.1per cent to $100.71 a barrel at 0139 G
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »