Asian stocks slipped in volatile trade on Wednesday, failing to extend Wall Street’s rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar.
The main US share benchmarks rose 2% overnight on the possibility the economic outlook might not be as dire as thought during trade last week when the S&P 500 logged its biggest weekly percentage decline since March 2020. In a sign Wall Street may not be able to repeat Tuesday’s rally, S&P 500 and Nasdaq futures both fell over 0.5%.
Most other global central banks are in a similar situation, apart from the Bank of Japan , which last week pledged to maintain its policy of ultra-low interest rates.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks fall as US futures battle and bitcoin keeps slidingMSCI Inc’s gauge of Asia-Pacific shares hits the lowest since June 2020 amid drops in Japan and Hong Kong
Source: BDliveSA - 🏆 12. / 63 Read more »