Asian stocks at lowest in two years, euro near par with dollar on growth fears - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United States News News

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

Asian shares fell on Tuesday, weighed down by the prospect of further monetary policy tightening by central banks, China’s renewed COVID outbreak and Europe’s energy shortage, which also left the euro a whisker from parity with the safe haven dollar.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8% to its lowest level in two years, while Japan's Nikkei lost 1.75%.MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8% to its lowest level in two years, while Japan's Nikkei lost 1.75%.

Risk-off sentiment is dominating global markets, said Yuting Shao, macro strategist at State Street Global Markets. The focus for this week will be macro data including the Consumer Price Index from the US on Wednesday, and comments from Federal Reserve Officials as investors look for clues for the outcome of the Fed’s upcoming policy meeting before officials enter the pre-meet blackout period.

Additionally, the surging cost of energy in Europe is a major fear as the biggest single pipeline carrying Russian natural gas to Germany entered annual maintenance, with flows expected to stop for 10 days.

 

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:

 /  🏆 37. 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.

South Africa has degenerated into a lawless country filled with violent crimes: Herman Mashaba - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.ICYMI: ActionSA president Herman Mashaba says South Africa has degenerated into a lawless country, where a daily occurrence of violent crimes has become common. Current parliament-represented political parties have been invited to monopoly capital dinner table,feeding the general population crumbs that fall from that table. Real,liberating politicians-internet connected and informed-are yet to emerge to take on the freedom baton forward! It's happening everywhere in the world, not just South Africa President Cyril Ramaphosa is accused of Money laundering, bribery, defeating the ends of Justice and kidnapping yet he is still in office! South Africa is a joke!The media is also enemy of the people for shielding criminals. PhalaPhalaGate PhalaPhalaFarmGate RamaphosaMustGo
Source: SABCNews - 🏆 37. / 51 Read more »

Limpopo reports first Monkeypox case - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The first case of Monkeypox has been reported in Limpopo on Sunday. According to the Limpopo Health Department, a 42-year-old tourist from Switzerland who is currently on holiday in the province tested positive for the disease. In a press statement, the department states that the patient presented symptoms such as rash, muscle ache and fatigue. … First? Bum fun does not pay Tourist because is from Europe, if it was someone from Africa headline should be different.
Source: SABCNews - 🏆 37. / 51 Read more »