Japanese government asks companies to help with vaccination campaign

Bloomberg

Asian stocks and bonds fall as inflation worries about rise: markets roll up

(Bloomberg) – Asian stocks weakened Thursday after rising U.S. inflation pushed the S&P 500 down and raised bond yields amid fears that price pressures could stifle the economic recovery. Australia has so far not matched the index pullback overnight. US futures rallied. The S&P 500 and the Nasdaq 100 both lost more than 2% in a third consecutive day of losses, with the energy sector among the only gainers as commodity prices continued to advance. demand at the auction for new 10-year tickets. Asian investment grade bonds fell, while the dollar held on to a lead. Meanwhile, Bitcoin fell 15% to less than $ 50,000 after Elon Musk tweeted that Tesla Inc. had suspended vehicle purchases using digital currency for environmental reasons. He added that Tesla will not sell any Bitcoin. The latest data on consumer prices in the United States showed the largest monthly increase since 2009, fueling the debate over whether inflation will be persistent enough to force it. the Federal Reserve to tighten policy sooner than expected. The surprise reading included general price pressures, and a market gauge of inflation expectations over the next five years hit its highest level since 2005 before easing. Fed Vice Chairman Richard Clarida, said he was surprised by the jump, but that it should turn out to be largely transient. “The markets have lost some confidence in the Fed’s control of inflation; I don’t think it’s necessarily the level, “but fear that the central bank will wait too long to face the upside, Victoria Fernandez, chief market strategist at Crossmark Global Investments, said on Bloomberg TV. “I’m not sure the market is extremely comfortable with this at this point.” The momentum in the commodities market appears to have slowed for the time being. Copper’s advance has stalled amid concerns about the impact of inflation on global growth prospects. Oil fell to $ 65 a barrel as the largest U.S. gas pipeline reopens after a cyberattack that caused severe fuel shortages These are some of the major moves in the markets: S&P 500 shares rose 0.4% at 12:30 p.m. in Tokyo. The S&P 500 fell 2.1% Nasdaq 100 contracts rose 0.5%. Nasdaq 100 index slipped 2.6% Japan’s Topix index fell 0.6% Australian S & P / ASX 200 index lost 0.4% South Korea’s Kospi index fell 0.1% Hong Kong Hang Seng Index fell 0.7% Shanghai Composite Index fell 0.7% Currencies Bloomberg Dollar Spot Index was little changed Yen fell stabilized from trade losses at 109.63 per dollar Offshore yuan was at 6.4517 per dollar Euro rose less than 0.1% to $ 1.2081 Bonds The yield on 10 treasury bills years fell to 1.68% after jumping seven basis points Australian 10-year bond yield rose three basis points to 1.80% Commodities West Texas Intermediate crude fell 0, 8% to $ 65.54 per barrel Gold rose 0.2% to $ 1,820 per ounce


Source link

About Emilie Brandow

Avatar

Check Also

38 days to step up: will Australia help on the climate or continue to hinder?

IN ONE WEEK, as Australia’s international counterparts made significant new climate commitments, Australia continues to …

Leave a Reply

Your email address will not be published. Required fields are marked *