News Formal

Amazon helps stocks steady but prospects for rate hikes loom over markets

  • 📰 Reuters
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Asian equity markets fought for a footing on Friday, supported by an Amazon-led bounce in U.S futures, but oil's rise to a seven-year high kept traders on edge over prospects that interest rates will rise to curb global inflationary pressures.

Still, the backdrop is one of pressure from rising rates which analysts say is unlikely to abate even if U.S. labour data comes in fairly weak later on Friday, as economists expect.

Even anchored Japanese government bonds scaled six-year highs on Friday, taking the five-year yield to zero, as investors girded for the Bank of Japan to follow peers and tighten policy.Treasuries also sold overnight and were steady in Asia, with the two-year yield at 1.2179% and the 10-year yield at 1.814%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: KOSPI bucks the trend with biggest daily jump in a yearGlobal markets turn cautious as traders brace for the ECB and the BOE monetary policy announcements during early Thursday. Adding to the risk-off mood
Source: FXStreetNews - 🏆 14. / 72 Read more »