Business Maverick: Stocks drop in Asia as traders mull growth worries: markets wrap

An Asia-Pacific equity index shed about 1.5%, led by losses in Japan and in Chinese technology firms. US and European futures wavered but came off session lows as traders evaluated whether a 4% plunge in the S&P 500 index – the biggest daily drop in almost two years – might give way to dip-buying.Earnings reports on Tuesday from US consumer titans stoked worries that high inflation is weighing on margins and consumer spending. Target Corp.

The challenge from inflation for bellwether retailers weakens the argument that corporate earnings can help stem this year’s rout in stocks. Instead, global equities are sliding toward a bear market as recession fears mount. Signs of stress are building in credit markets. Yield premiums on US investment-grade corporate dollar bonds jumped five basis points Wednesday, in one of their biggest moves this year, a Bloomberg index shows. They are now at their highest since mid-2020.

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.

Business Maverick: Stocks Selloff Deepens With Nasdaq 100 Sinking 3%: Markets WrapUS stocks extended declines as investors assessed the growth outlook as monetary policy tightens and the impact on earnings from higher prices. The dollar and Treasuries gained amid a pickup in haven bids.
Source: dailymaverick - 🏆 3. / 84 Read more »

Stocks rebound stops as inflation harms sentimentA UK inflation reading of 9% underlines just how much higher interest rates might be headed I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07
Source: BDliveSA - 🏆 12. / 63 Read more »

Bankers are bullish on these tech stocks after dropAfter this year’s steep declines for US information technology stocks, Jefferies Group LLC strategists have turned bullish on the likes of IBM, Cisco Systems Inc and Microchip Technology Inc.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

JSE faces green Asian markets as Chinese tech stocks riseTencent, which influences the local bourse via the Naspers stable, gains 3.71% I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: BDliveSA - 🏆 12. / 63 Read more »

Asian stocks rise, offers some light for JSE | CitypressThe JSE closed in positive territory on Monday with financials and resources sectors leading the gains to close at 69 211.76. The All Share index was 0.82% higher, resources were up 1.53% while financials gained 1.26%.
Source: City_Press - 🏆 7. / 72 Read more »

US stocks suffer steepest rout in two yearsS&P 500 closes down 4% in worst daily loss since June 2020 Dont tell Magnus! 🤡🤡🤡
Source: BDliveSA - 🏆 12. / 63 Read more »