Sunday, October 1, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Asia

Shares slip, dollar steady as investors await inflation data

MtR by MtR
August 10, 2022
in Asia
0
Shares slip, dollar steady as investors await inflation data


People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik

Register now for FREE unlimited access to Reuters.com

  • Europe’s STOXX down 0.43%, U.S. futures flat
  • Markets await U.S. CPI report at 1230 GMT
  • Economists expect 8.7% U.S. inflation – Reuters poll

TOKYO/LONDON, Aug 10 (Reuters) – Stocks trembled on Wednesday while major currencies held steady as investors were reluctant to place bets ahead of the release of U.S. inflation data that could point to the Federal Reserve’s appetite for more aggressive rate increases.

The Consumer Price Index (CPI) report will be released at 1230 GMT, with markets watching for signs that inflation eased in July despite last week’s unexpectedly strong U.S. jobs numbers.

The market is pricing in a 69.5% chance of a 75 bps rate increase at the Fed’s next meeting . Economists polled by Reuters expect the CPI to show year-on-year headline inflation (USCPNY=ECI) of 8.7%, far above the Fed’s target of 2% but down from last month’s red-hot 9.1%.

Register now for FREE unlimited access to Reuters.com

Europe’s benchmark STOXX index (.STOXX) fell 0.43%, following a bigger fall of 1.2% in the MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), while Japan’s Nikkei (.N225) closed down 0.65%.

“I don’t think that we are through the bear market woods yet – recession risks loom and I don’t think the Fed is done with its aggressive belt tightening,” said David Chao, a global market strategist for Asia Pacific ex-Japan at Invesco.

Related articles

Asia And Eurozone Markets Higher, Gold Flirts With $1,900 Level – Global Markets Today While US Was Sleeping – ETC Gavekal Asia Pacific Government Bond ETF (ARCA:AGOV), SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)

Asia And Eurozone Markets Higher, Gold Flirts With $1,900 Level – Global Markets Today While US Was Sleeping – ETC Gavekal Asia Pacific Government Bond ETF (ARCA:AGOV), SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)

October 1, 2023
China’s factory activity recovery slows in September – Caixin PMI

China’s factory activity recovery slows in September – Caixin PMI

October 1, 2023

“I don’t think markets have fully discounted these variables. This week’s inflation data will certainly give us more clarity of the Fed’s near-term policy outlook.”

U.S. markets looked set to open broadly flat, with S&P 500 futures down 0.06%.

The dollar was steady, having paused from a retreat that began in the middle of July. The dollar index , which measures the safe-haven greenback against six major peers, was at 106.3.

“A strong CPI print this week could mean the Fed is back to its aggressive rate hiking path, which would re-strengthen the USD,” said Chao.

Euro zone bond yields held stead, with Germany’s 10-year yield, the benchmark for the bloc, down just one basis point at 0.91% .

Analysts noted the U.S. data due Wednesday represent a lagging indicator that might not yet show inflation softening, and yield curves could flatten or invert further.

A flattening yield curve is usually seen as a sign of an economic slowdown and inversions as predictors of recessions. As measured by the gap between two- and 10-year yields, the U.S. curve is deeply inverted at below minus 40 bps.

Oil prices fell after industry data showed U.S. crude inventories unexpectedly rose last week, signalling a possible hiccup in demand. Brent crude futures fell 61 cents to $95.73 a barrel, while U.S. West Texas Intermediate (WTI) crude was down 70 cents to $89.82.

Gold also pared gains and was down 0.26% at $1,789.5 an ounce. It briefly broke through the $1,800 barrier overnight for the first time in more than a month.

The cryptocurrency bitcoin, which often tracks tech stocks, was down 0.76% at $22,974.

Register now for FREE unlimited access to Reuters.com

Reporting by Sam Byford and Lawrence White; Editing by Lincoln Feast, Robert Birsel

Our Standards: The Thomson Reuters Trust Principles.



Source link

Related Posts

Asia And Eurozone Markets Higher, Gold Flirts With $1,900 Level – Global Markets Today While US Was Sleeping – ETC Gavekal Asia Pacific Government Bond ETF (ARCA:AGOV), SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)

Asia And Eurozone Markets Higher, Gold Flirts With $1,900 Level – Global Markets Today While US Was Sleeping – ETC Gavekal Asia Pacific Government Bond ETF (ARCA:AGOV), SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)

by MtR
October 1, 2023
0

On Thursday, September 28, the U.S. stock markets ended higher, driven by economic data and a pause in rising Treasury...

China’s factory activity recovery slows in September – Caixin PMI

China’s factory activity recovery slows in September – Caixin PMI

by MtR
October 1, 2023
0

BEIJING, Oct 1 (Reuters) - China's factory activity expanded at a slower pace in September, a private-sector survey showed on...

South Korea September exports fall at mildest pace in 12 months

South Korea September exports fall at mildest pace in 12 months

by MtR
October 1, 2023
0

A container ship leaves Pusan Newport Terminal in Busan, South Korea, July 1, 2021. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL,...

Non-public debt markets provide Asia deal flow – The Asset

Non-public debt markets provide Asia deal flow – The Asset

by MtR
September 30, 2023
0

Non-public debt markets provide Asia deal flow  The Asset Source link

Golden Week optimism buoys most Asian markets

Golden Week optimism buoys most Asian markets

by MtR
September 30, 2023
0

RECAP: Stocks rose yesterday in most Asian markets on the last trading day of the quarter amid optimism over spending...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
FDx Advisors Inc. Takes Position in iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC)

FDx Advisors Inc. Takes Position in iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC)

October 1, 2023
Asia And Eurozone Markets Higher, Gold Flirts With $1,900 Level – Global Markets Today While US Was Sleeping – ETC Gavekal Asia Pacific Government Bond ETF (ARCA:AGOV), SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)

Asia And Eurozone Markets Higher, Gold Flirts With $1,900 Level – Global Markets Today While US Was Sleeping – ETC Gavekal Asia Pacific Government Bond ETF (ARCA:AGOV), SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)

October 1, 2023
DAVENPORT & Co LLC Raises Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

DAVENPORT & Co LLC Raises Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

October 1, 2023
Updater Services IPO allotment finalised today: GMP, here’s how to check allotment status, other details

Updater Services IPO allotment finalised today: GMP, here’s how to check allotment status, other details

October 1, 2023

Recent News

FDx Advisors Inc. Takes Position in iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC)

FDx Advisors Inc. Takes Position in iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC)

October 1, 2023
Asia And Eurozone Markets Higher, Gold Flirts With $1,900 Level – Global Markets Today While US Was Sleeping – ETC Gavekal Asia Pacific Government Bond ETF (ARCA:AGOV), SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)

Asia And Eurozone Markets Higher, Gold Flirts With $1,900 Level – Global Markets Today While US Was Sleeping – ETC Gavekal Asia Pacific Government Bond ETF (ARCA:AGOV), SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)

October 1, 2023
DAVENPORT & Co LLC Raises Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

DAVENPORT & Co LLC Raises Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

October 1, 2023

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter