Oil Gains, Asian Bonds Fall on Inflation Concerns: Markets Wrap
Brent rose 3.1% as traders priced in Fed and Bank of Japan hikes after a hot US inflation report and fresh supply disruptions.
6 Articles
6 Articles
Asia's investors are looking nervously at the commodity and bond markets at the start of the week. A trade day with losses is also on the horizon in the USA.
Asian stocks fell ahead of the Fed meeting, with the market now estimating a nearly 90 percent chance of another rate hike. Brent rose above $107 a barrel.
In view of the Federal Reserve's critical decision on interest rates, tomorrow, Wednesday.
I have reviewed the closing of Friday in Mumbai and there is a figure that explains better than any of the start of the week: the Sensex fell by 2.27% to 74,781.76 points. It was not a simple technical adjustment. Pending the Federal Reserve, Asian markets have been discounting a rise in rates that, if confirmed on Wednesday 16, would harden credit well beyond Washington. India reopens this Tuesday, September 15 with the focus divided on three f…
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