The MSCI Asia Pacific Index slid about 0.3% in mixed trading that saw Chinese and Japanese stocks swing between gains and losses while Australian shares were more firmly lower. Contracts for the S&P 500 and the Nasdaq 100 extended their losses, indicating further downward pressure for US stocks after declines last week.
While current consensus is quite negative on the possibility of the US hitting a recession, the pricing in the Treasury market “has evolved in a way that implies less recession risk than it did a few months ago”, said Jan Hatzius, Goldman Sachs chief economist, on Bloomberg Television.
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:
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.
Business Maverick: Sunak set for his biggest political test yet with Brexit dealRishi Sunak is gearing up for the biggest political test of his premiership as he prepares to unveil a deal with the European Union that risks a stand-off with Northern Ireland unionists and members of his own party.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Dollar up, stocks fluctuate as traders mull rates: markets wrapThe dollar edged higher on Monday, adding to a third week of gains as hawkish comments by Federal Reserve officials and geopolitical tensions bolstered the appeal of the greenback.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: China removes PICC, Bank of China chairmen from party rolesChina abruptly removed the Communist Party chiefs from two of its biggest state-owned financial firms, sparking concerns of a renewed clampdown on the sector.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Oil gains after weekly loss as China recovery competes with FedOil rose after a weekly loss on hopes that a Chinese demand rebound is picking up pace following the end of Covid Zero, outweighing hawkish signals from the Federal Reserve.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Russian Economy Shrank 2.1% Last Year, Less Than Once ExpectedRussia’s economy contracted 2.1% last year, defying the worst fears of a major recession as surging commodity exports helped offset the impact of US and European sanctions imposed over President Vladimir Putin’s invasion of Ukraine.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Northern Ireland Enjoys a Brexit Dividend — But for How Long?The UK government has never been happy with Northern Ireland’s post-Brexit status. Boris Johnson’s divorce deal with the European Union handed Northern Ireland an advantage — keeping one foot in the bloc’s single market and the other in Britain’s — that has paid economic dividends, if not political ones. It is the only part of the UK outside of London that has fully recovered output lost to the coronavirus pandemic.
Source: dailymaverick - 🏆 3. / 84 Read more »