MSCI’s global index of stocks kicked off fourth-quarter trading with a decline as US Treasury yields and the dollar rose while investors worried that rates would stay higher for longer.
But US manufacturing took a step further toward recovery in September as production picked up and employment rebounded. “The sell-off in bonds has been continuing. There’s a combination of economic growth being higher-than-expected and the Fed having to keep rates higher for longer and general concern that the United states is not keeping its fiscal house in order,” Chris Zaccarelli, chief investment officer at Independent Advisor Alliance in Charlotte.
The pan-European STOXX 600 index earlier closed down 1.03% while MSCI’s gauge of stocks across the globe shed 0.51%. “It’s the feeling that the US economy can stomach higher interest rates for a little bit longer,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto.
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 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.
- SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Five people have been shot and killed in Gugulethu on the Cape Flats. The identities of the four men and a woman are yet to be released.
Source: SABC News Online - 🏆 32. / 51 Read more »
- SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Two children have drowned in the Nature's Valley Lagoon at Plettenberg Bay in the Western Cape.
Source: SABC News Online - 🏆 32. / 51 Read more »
- SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South African Communist Party's (SACP) General-Secretary Solly Mapaila says the focus of the Red
Source: SABCNews - 🏆 37. / 51 Read more »
- SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa scored seven tries and moved a step closer to the Rugby World Cup quarter-finals
Source: SABCNews - 🏆 37. / 51 Read more »
- SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Department Basic Education has welcomed the adoption of BELA bill by the Portfolio Committee
Source: SABC News Online - 🏆 32. / 51 Read more »
- SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Trial for the five men charged with the murder of Senzo Meyiwa resumes on Monday
Source: SABC News Online - 🏆 32. / 51 Read more »