A statue of a bull is displayed outside the Shenzhen Stock Exchange in the southern Chinese city of Shenzhen. File Picture: REUTERS/BOBBY YIP
US treasuries slumped on return from Monday’s US holiday, sending the yield of the 10-year bond up nearly 10 basis points to 2.8405%. “The focus now is really on the US economy and China,” said Khoon Goh, head of Asia research at ANZ Bank in Singapore. “The two largest economies in the world are slowing, for different reasons, and it’s not great for the global growth trajectory.”
Growth concerns have put the brakes on a two-week rally for exporters’ currencies globally and have steadied the US dollar as investors have again leant towards safety.
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 vehicle makers grab market share in SA as inflation acceleratesCash-strapped consumers seek to reduce their debt burden, Absa research suggests
Source: BDliveSA - 🏆 12. / 63 Read more »
Asian stocks rise to three-week high on optimism as dollar battlesInvestors bet on an eventual slowdown in US monetary tightening, albeit after sharp hikes
Source: BDliveSA - 🏆 12. / 63 Read more »