US EditionJapan's Nikkei Skids in Subdued Asia as Bets of Rate Hike Grow
Household spending dropped fastest in nearly two years, pushing Japanese government bond yields to multi-year highs amid 75% odds of a Bank of Japan rate hike.
- On Friday, Japan's Nikkei 225 index skidded 1.5%, wiping out the week's gains after October household spending unexpectedly fell the fastest in nearly two years.
- Markets priced a quarter-point Bank of Japan rate move later this month after Governor Kazuo Ueda said the BOJ would weigh the pros and cons, while sources told Reuters the Japanese government is prepared to tolerate a December hike.
- Japan's 10-year JGB yield climbed as the 10-year Japanese government bond yield reached its highest level since mid-2007, with the benchmark yield on track for a 13.5 basis point rise this week.
- Regional markets showed mixed moves as MSCI's Asia-Pacific ex-Japan slipped 0.1%, while the yen remained steady above its 10-month low, reflecting currency stability amid market uncertainty.
- Fed funds futures show nearly a 90% chance of a cut next Wednesday, with Nigel Green, chief executive at deVere Group, noting `In previous cycles, moves of that size would have rattled markets. Instead, demand strengthened.
16 Articles
16 Articles
Nikkei Slides as Investors Brace for Key US Inflation Data; Asia Mostly Higher
Asian markets were mixed on Friday as Japan’s Nikkei 225 fell 1.3%, reversing its weekly gains ahead of crucial U.S. inflation data that could influence a divided Federal Reserve. The drop followed weak Japanese household spending figures and rising expectations of a Bank of Japan rate hike later this month. Meanwhile, global markets traded cautiously, […] The post Nikkei Slides as Investors Brace for Key US Inflation Data; Asia Mostly Higher ap…
Japan’s Nikkei Stock Average Skids in Subdued Asia as Bets of Rate Hike Grow
SYDNEY, Dec 5 (Reuters) - Japan's Nikkei skidded on Friday, wiping out this week's gains amid an otherwise subdued Asian session, after weaker-than-expected spending data underscored the scourge of inflation as bets grew that the Bank of Japan would hike interest rates.
Channel News Asia
Japan's Nikkei skids in subdued Asia as bets of rate hike grow
SYDNEY, Dec 5 : Japan's Nikkei skidded on Friday, wiping out this week's gains amid an otherwise subdued Asian session, after weaker-than-expected spending data underscored the scourge of inflation as bets grew that the Bank of Japan would hike interest rates. The Nikkei 225 fell 1.5 per cent and was on track
GLOBAL MARKETS-Japan's Nikkei skids in subdued Asia as bets of rate hike grow
GLOBAL MARKETS-Japan's Nikkei skids in subdued Asia as bets of rate hike grow Japan's Nikkei skidded on Friday, wiping out this week's gains amid an otherwise subdued Asian session, after weaker-than-expected spending data underscored the scourge of inflation as bets grew that the Bank of Japan would hike interest rates.The Nikkei 225 fell 1.5% and was on track to end the week mostly flat. MSCI's broadest index of Asia-Pacific shares outside Jap…
Coverage Details
Bias Distribution
- 45% of the sources are Center, 44% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
