Asian markets swing as oil surge weighs on Fed rate hopes
Tokyo, Shanghai, Singapore, Seoul and Wellington are in the green today but Hong Kong shows losses after five days of gains. – EPA pic, April 4, 2023.
ASIAN markets were mixed today as concerns about the impact of surging oil prices on inflation offset data indicating a slowing US economy that could allow the Federal Reserve to slow its interest rate hikes. Crude held on yesterday’s surge of more than 6% that came after top producers announced a surprise output cut, providing a fresh headache to central bankers as they battle inflation.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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.
Asian markets swing as oil surge weighs on Fed rate hopesHONG KONG, April 4 — Asian markets were mixed today as concerns about the impact of surging oil prices on inflation offset data indicating a slowing US economy that could allow...
Read more »
Oil prices jump as global markets narrow odds on Fed hikeSYDNEY, April 3 — Oil prices surged today after Saudi Arabia and other Opec+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation...
Read more »
Leonardo DiCaprio testifies in trial of Fugees rapper linked to Jho LowPras Michel is accused of profiting from an alleged embezzling scheme by the Malaysian financier.
Read more »
TH suspends licence of pilgrimage company | The Malaysian InsightInstitution says it had received complaints about Emraz Travel & Tours’ umrah service.
Read more »
Bekalan telur sepanjang Ramadan, Aidilfitri cukup, kata Fama | The Malaysian InsightPermintaan bagi telur gred AA, gred A dan gred B meningkat di bulan puasa.
Read more »