Asia Markets Falter Amid Hot US Inflation
MSCI's Asia-Pacific index outside Japan fell 0.6% as hotter U.S. inflation pushed markets to price out Fed rate cuts this year.
12 Articles
12 Articles
The stagnant talks between Washington and Tehran and a higher US inflation burdened the stock markets on Wednesday. Investors are now hoping for new signals at the meeting between China and the US.
The AEX is failing to rally behind the US stock markets, which opened lower as expected. The rise in oil prices following the US rejection of Iran's peace proposal is weighing on sentiment. Prosus, in particular, is struggling after a disappointing update.
Dollar near one-week high as US inflation fuels Fed hike bets, peace talks stall
The US dollar’s rally was also supported by the lack of positive momentum in the equity market. (Reuters pic) HONG KONG: The dollar held near a one-week high on Wednesday as risk sentiment soured after a hot US inflation reading sent Treasury yields higher, and oil inched up on renewed Middle East uncertainty. The euro stood at US$1.1735 and the sterling traded at US$1.3532 , both down roughly 0.05% against the greenback in early Asia trades. Th…
According to ChainCatcher, citing Jinshi, the US dollar index, which measures the dollar against six major currencies, rose 0.35% on May 12, closing at 98.298 in late trading. One euro was worth $1.1741, down from $1.1775 the previous trading day; one pound sterling was worth $1.3532, down from $1.3629; one dollar was worth 157.59 yen, up from 157.21 yen; one dollar was worth 0.7808 Swiss francs, up from 0.7782 Swiss francs; one dollar was worth…
The Amsterdam AEX index closed trading on Tuesday with a significant loss. Uncertainty regarding the ceasefire between the United States and Iran weighed on sentiment on the Damrak. US President Donald Trump said the truce was "hanging by a thread." According to Iran, the peace process will fail if the US does not agree to an Iranian peace proposal.
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