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Treasury Yields Tumble Despite a Hot PPI Print
Summary by Seeking Alpha
4 Articles
4 Articles
CryptoTendence The U.S. IPP shoots at 6.3% and presses Wall Street; Nasdaq falls and Asia sinks, with KOSPI leading the collapse. Flash 24/7 Wall Street: Nasdaq falls 1.25%, Asia collapses and surprising inflation was first published in CryptoTendence.
Hot US PPI Fails to Lift Yields as AI Credit Fears Put Nasdaq at a Tipping Point - ActionForex
US producer inflation surged far beyond expectations on Thursday, retail sales beat forecasts and layoffs remained contained, yet Treasury yields continued falling and the Dollar struggled to recover. The AI-related selloff that hit Nasdaq on Wednesday extended into Asia, sending South Korea’s KOSPI down 7.57% and Japan’s Nikkei down 4.90%, even as TSMC reported record third-quarter profit.
Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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