was the sole stock index in Asia with gains, up nearly 0.5%, as a weakening yen buoyed exporters.
A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes , seen as an indicator of economic expectations, was at -107.3 basis points, its deepest since August 1981, according to Refinitiv data.
Citi strategists said even as-expected payrolls and inflation data could keep the chance of a 50 basis point hike high. "Not following through on a 50 bps increase could then entail an unhelpfully large easing of financial conditions."
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.
Asian Stock Market: China, RBA entertain bulls amid sluggish play, Fed’s Powell eyedAsian Stock Market: China, RBA entertain bulls amid sluggish play, Fed’s Powell eyed – by anilpanchal7 Asia RiskAppetite Equities China CentralBanks
Source: FXStreetNews - 🏆 14. / 72 Read more »
Asian Stock Market: Bears cheer Fed Chair Powell’s rate signals, strong yieldsShare prices in the Asia-Pacific zone remain downbeat during early Wednesday amid fears of higher interest rates, as well as recession. Adding strengt
Source: FXStreetNews - 🏆 14. / 72 Read more »
Asian stocks tumble after hawkish Powell commentsAsian shares fell sharply on Wednesday, while the dollar advanced after hawkish comments from Federal Reserve Chair Jerome Powell raised the possibility of the U.S. central bank returning to large rate hikes to tackle sticky inflation.
Source: Reuters - 🏆 2. / 97 Read more »
Asian stocks sink, dollar buoyant after hawkish Powell comments By Reuters*GLOBAL STOCKS TUMBLE, DOLLAR GAINS AFTER HAWKISH POWELL COMMENTS - Hawk my ass... Lagging data. And rates operate with a Lag. Ineffective tools in controlling inflation. Only way to stop freight train is park a car in front of it, have Northern Suffolk operating it or keep raising rates into a slowdown.
Source: Investingcom - 🏆 450. / 53 Read more »