Global stocks eased on Wednesday in the face of rising bond yields, as investors assessed how much U.S. rates might fall this year, while a powerful earthquake in Taiwan raised concerns about possible disruptions to the vital chip-making industry.
Global stocks eased on Wednesday in the face of rising bond yields , as investors assessed how much U.S. rates might fall this year, while a powerful earthquake in Taiwan raised concerns about possible disruptions to the vital chip-making industry. A string of robust U.S. data, coupled with a rise in the oil price to its highest in five months, prompted traders to lower their expectations for three interest-rate cuts from the Federal Reserve this year.
Government bonds were sold heavily, pushing yields on the benchmark 10-year U.S. Treasury note to five-month highs, while equities stepped back from record peaks. The MSCI All-World index fell 0.1 per cent in its third consecutive daily drop, while European equities traded modestly in negative territory. U.S. futures fell 0.2-0.3 per cent ahead of an appearance from Federal Reserve Chair Jerome Powell and U.S. services and jobs figures later o
Global Stocks Bond Yields U.S. Rates Earthquake Taiwan Chip-Making Industry Federal Reserve Government Bonds MSCI All-World Index Equities Jerome Powell U.S. Services Jobs Figures
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.
Tech Stocks Left Out of Rally Ease Fears a Bubble Is Building(Bloomberg) -- To the bubble hunters, signs of excess aren’t hard to find, with cryptocurrencies roaring back and Nvidia Corp. surging nearly 80% since the...
Read more »
Tech Stocks Left Out of Rally Ease Fears a Bubble Is BuildingTech stocks are left out of the recent market rally, easing fears of a bubble. Putin's French venture highlights the growth of Russian atomic power. India is set to kick off polls in April as Modi bids for a third term. The FAA will investigate a missing panel on United Flight 433. The US Treasury is asked about a US firm insuring ships carrying Iran oil. Wall Street doom prophesy falls flat as the market experiences its hottest rally since 2016. The UAE's $35 billion investment in Egypt is questioned. The US economy benefits from the bear market in natural gas. The US is investigating Indian billionaire Gautam Adani and his group for potential bribery. Starbucks drops an executive pay package tied to DEI amid conservative pressure. Biden plans to crack down on auto emissions to accelerate EV sales. The Lego CEO is willing to pay extra for renewable plastic used in toy blocks. Spain's Girona Football Club struggles to keep its turf green due to worsening drought. Exxon announces the discovery of new oil reserves in Guyana. Angola raises its key rate due to growing inflation concerns. Alberta's premier discusses book-balancing and urges the federal government to 'stay in their lane' as alcohol consumption declines.
Read more »
China Solar Stocks Rise on Bets Installation Curbs Will EaseChina Solar Stocks Rise on Bets Installation Curbs Will Ease
Read more »
Taiwan Officials Worry ‘Sheep’-Like Investors to Overheat StocksTaiwanese officials appear increasingly concerned about a surging equity market, with the central bank governor warning a frenzy for local exchange-traded funds could cause the benchmark to overheat.
Read more »
Premarket: Global stocks dip, shifts in FX unsettle tradersShares struggled for traction as mixed messages from U.S. policymakers and a wobble in the Chinese yuan left traders tentative ahead of Friday’s release of U.S. inflation data
Read more »
Taiwan Earthquake Raises Concerns for Global Chip Supply ChainThe strongest earthquake in Taiwan in 25 years has raised concerns about the global supply chain, particularly in the chip manufacturing industry. Taiwan is responsible for 90% of chipmaker TSMC's production, and while its plants are located on the opposite coast from the epicenter, they contain delicate equipment crucial for chip production. TSMC has evacuated some fabrication plants and confirmed the impact of the earthquake. The earthquake has caused casualties and damage in Hualien county and has been felt in Shanghai. If chip foundries are seriously damaged, it would have a significant impact worldwide and emphasize the need for onshore production to reduce reliance on Taiwan's output, as advocated by US President Joe Biden.
Read more »