Yields on 10-year Treasuries hit a fresh 15-month low on Thursday in Asia, and Australian ones recorded the lowest on record, while Japan’s are near levels unseen since 2016. Japanese shares led declines in the region, sliding almost 2 percent. Korea’s benchmark also slumped, while China and Hong Kong saw more modest declines. U.S. futures fell after the S&P 500 Index dropped on Wednesday. The yen headed higher as haven demand emerged.
Britain’s pound traded at the weaker end of its recent range after the U.K. Parliament rejected eight possible options for a new Brexit strategy, leaving the Brexit outlook all the muddier. Elsewhere, rates on benchmark German Bunds sank further below zero after European Central Bank President Mario Draghi said an accommodative stance is still needed.
Recent data showing weakness in U.S. housing and consumer sentiment fed into the growth concerns that have helped stoke the bond rally over the past week. Federal funds futures are now pricing in more than a quarter point of easing by the end of 2019.“We are worried about the short term because the Fed is as dovish as they can be in the short term,” Chris Harvey, head of equity strategy at Wells Fargo in New York, told Bloomberg TV.
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.
#RandReport: Rand firms on weaker dollar, stocks fall
Source: ewnupdates - 🏆 30. / 53 Read more »
Asian stocks rebound after two days of lossesEquities recover as US 10-year treasury yields edge higher, but the outlook remains murky as traders wonder whether the US economy is in danger of slipping into recession
Source: BDliveSA - 🏆 12. / 63 Read more »
Stocks tumble as bond markets sound US recession warningRisk assets fell out of favour on growing fears about a US recession, sending global yields plunging.
Source: eNCA - 🏆 49. / 51 Read more »
Global stocks tumble as bond markets sound U.S. recession warning - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Investors ditched shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets fell out of favor on growing fears about a U.S. recession, sending global yields plunging. U.S. stocks futures fell, with E-minis for the S&P 500 skidding 0.5 percent. MSCI’s broadest index …
Source: SABC News Online - 🏆 32. / 51 Read more »
Asian stocks stumble amid concern about looming downturnInvestors ditch shares and flee to the safety of bonds while the Japanese yen hovers near a six-week high as risk assets fall out of favour on growing fears about a US recession
Source: BDliveSA - 🏆 12. / 63 Read more »
Investors in global stocks dash for safe havensFalls in Europe followed hefty tumbles in Asia, with Japan's Nikkei hitting a five-week low after diving 3.1%
Source: BDliveSA - 🏆 12. / 63 Read more »
Pound rises on Brexit delay; economic gloom hits European stocks - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Sterling rose further Friday after Brussels gave Britain a Brexit deadline extension, but stocks dived as fresh economic gloom gripped trading floors.
Source: SABC News Online - 🏆 32. / 51 Read more »
Business DayBusiness Day, Johannesburg. 104.741 beğenme · 6.646 kişi bunun hakkında konuşuyor. BDlive is the digital identity of Business Day, South Africa's premier daily business newspaper.
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE flat as gloomy global data dents sentimentEuropean markets see sharp losses after disappointing eurozone data, but some local stocks push higher anyway Fueled by Eskom.
Source: BDliveSA - 🏆 12. / 63 Read more »