Commodity-exposed SA stocks shed 0.2%, weighed by miners after prices of most industrial metals dropped on Wednesday.Emerging market currencies fell against a stronger dollar on Wednesday on worries over aggressive actions by the US central bank to curb inflation, and as the anticipation of more Western sanctions on Russia pressured stocks.
Fed Governor Lael Brainard said she expects a combination of interest rate hikes and a rapid balance sheet runoff to bring US monetary policy to a “more neutral position” later this year, with further tightening to follow as needed.“What now matters is what the Fed does in May and what signals it sends out regarding interest rates this year,” said Antje Praefcke, FX and EM analyst at Commerzbank.
Emerging markets were also jittery as the United States and its allies prepared new sanctions on Moscow over civilian killings in Ukraine. Asian emerging markets took cues from declines in China, with both stocks and the onshore yuan falling on concerns over a worsening economic growth outlook after Shanghai extended its coronavirus lockdown.
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:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil extends rally on Russia sanctions bets, stocks wobbleWhile Europe's economy relies heavily on energy from Russia, the possibility of an embargo sent both main contracts sharply higher Monday, and they continued their rise in Asia, putting on more than one percent. May God continue to bless you Mrs LindaStouffes I never beblieve it's going to work out because I have lost a lot in different places I know one day they will face the judgment. I really appreciate LindaStouffes
Source: ewnupdates - 🏆 30. / 53 Read more »
US dollar gains on safe-haven flows on possibly more Russia sanctions over Ukraine - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The dollar gained on Monday, rising for three straight sessions, as civilian killings in north Ukraine and the prospect of increased sanctions on Russia pushed investors to seek safety in the greenback. I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent rachel_cargle guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet her now and also be a beneficiary of good work May God continue to bless you Mrs LindaStouffes I never beblieve it's going to work out because I have lost a lot in different places I know one day they will face the judgment. I really appreciate LindaStouffes Biden’s unhinged Russophobia, pushing toward WW3, unleashing inflation, driving up food & fuel costs, is connected with the overall strategy of the ultra rich, widely imposed since the pandemic. The ultra monopolies want to wreck the global economy to demolish their competitors
Source: SABCNews - 🏆 37. / 51 Read more »
Asian stocks slip while dollar index hits highest level since mid-2020Investors are focused on aggressive monetary tightening by the Fed and sanctions against Russia
Source: BDliveSA - 🏆 12. / 63 Read more »