Asian shares are poised for a subdued opening on Tuesday as concerns about China’s property sector re-emerge. Wall Street closed higher and a US bond selloff extended into a fourth week, while a gauge of dollar strength hit its highest level this year.
Futures pointed to a positive start for stocks in Japan and Hong Kong, while Australia may open slightly down. Traders speculated central banks will keep interest rates elevated to quell inflation as the US Treasury 10-year yield climbed 11 basis points to above 4.54%, a level last seen in 2007. Bloomberg’s Dollar Spot Index rose for a fourth day, reaching the highest since December.
A warning that a US government shutdown would reflect poorly on America’s credit rating from Moody’s Investors Service did little to shift market sentiment Monday. Concerns about a shutdown may intensify later this week as Oct. 1 draws near. “There are several reasons to believe that the full impact from tighter monetary policy is still yet to take effect,” said Henry Allen, a strategist with Deutsche Bank. “As such, it will be some months before we can sound the all clear for the economy, not least given longer-term interest rates are still reaching new highs even now.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Woman Shares Her Wacky Maximalist Bedroom Design, Receives Mixed Reactions OnlineThis is my keyboard wall, and my other keyboard wall.
Read more »
Woman Shares Her Wacky Maximalist Bedroom Design, Receives Mixed Reactions OnlineThis is my keyboard wall, and my other keyboard wall.
Read more »
Energy stocks help lift S&P/TSX composite, U.S. stock markets mixedTORONTO — Strength in energy stocks helped Canada's main stock index move higher in late-morning trading, while U.S. stock markets were mixed to start the trading week. The S&P/TSX composite index was up 30.53 points at 19,810.50. In New York, the Dow Jones industrial average was down 18.23 points at 33,945.61. The S&P 500 index was up 9.00 points at 4,329.06, while the Nasdaq composite was up 40.50 points at 13,252.31. The Canadian dollar traded for 74.24 cents US compared with 74.27 cents US o
Read more »
Energy stocks help lift S&P/TSX composite, U.S. stock markets mixedTORONTO — Strength in energy stocks helped Canada's main stock index move higher in late-morning trading, while U.S. stock markets were mixed to start the trading week. The S&P/TSX composite index was up 30.53 points at 19,810.50.
Read more »
Asian Stocks Set for Cautious Open; Dollar Mixed: Markets Wrap(Bloomberg) -- Asian equities were poised for a cautious open while the dollar traded in narrow ranges versus its major peers early Monday as investors weighed the Federal Reserve’s higher-for-longer stance.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundStocks Flash Recession Warning as Trouble Spreads to IndustrialsBond Market Faces Quandary After Fed Signals It’s Almost DoneUS to Keep a Distance F
Read more »