The clearest alarm bell is coming from commodities most sensitive to any shifts in economic growth
Stocks stumbled, global bond yields fell and the dollar hit a nine-month peak on Thursday as a double-whammy of Fed taper fears and Covid worries haunted equity markets
Hong Kong's benchmark added 1.5%, but remained near nine-month lows.
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.31 per cent in morning trading
Global stock markets declined Tuesday as investors looked ahead to a Federal Reserve report for an update on when US stimulus might start winding down. London and Frankfurt opened lower while Shanghai and Hong Kong declined. Tokyo advanced. On Monday, Wall Street's benchmark S&P 500 index rose to a new record, shrugging off worries about the spread of the more contagious delta variant of the coronavirus. Investors awaited the Fed report Wednesday for signs of the central bank's level of concern about inflation and when it might start rolling back easy credit and other economic stimulus. Minutes of the Fed meeting in June showed board members discussed how and when they might reduce monthly bond purchases that inject money into the financial system. We expect Jay Powell to reiterate that the tapering discussion is underway, but that it's too soon to reveal a specific date, Danielle DiMartino Booth of Quill Intelligence said in a report. In early trading, the FTSE 100 in London lost
During this period, they invested Rs 3,190.76 crore in the debt segment.
Any move to pull back support for the economy, by first slowing the US central bank's $120 billion in monthly bond purchases, is 'still a ways off,' Powell says
Here's a look at who is tapering, who may raise rates first and who might be the last to call time on pandemic-era money-printing
European stocks opened lower, but the pan-European STOXX 600 index erased early losses to trade flat on the day, helped by a rise in German and Italian shares
On Friday, the benchmark S&P BSE Sensex tumbled as much as 722 points in intra-day deals
Most Asian market equities - Nikkei, Sensex, Hang Seng and Kospi - lost ground in trade on Thursday as a result of the overnight development
Though policymakers have yet to agree on a plan, most expect that by the end of 2023 they will have raised interest rates at least twice from the current near-zero level
Almost all developing Asian currencies were lower against the greenback after Fed released forecasts that showed officials anticipate two interest-rate increases by end of 2023, sooner than thought.
US stocks dropped further into negative territory after the release of the minutes, while the US 10-year Treasury yield rose to a session high of 1.678%.
Japan's Nikkei fell 2.0 per cent and touched its lowest since early January, while Chinese blue chips lost 0.9 per cent
Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs)
All the sectoral indices ended the day in the red with the Nifty Realty, Metal, and PSU Bank indices dropping up to 3 per cent
Stocks are higher in Europe and Asia after a wobbly day on Wall Street, when the S&P 500 gave back most of its gains from a day earlier. Benchmarks rose Wednesday in Paris, London, Tokyo and Shanghai. US futures also advanced. Investors have taken heart from an easing in bond yields that has alleviated worries over possible interest rate hikes. The yield on the 10-year Treasury inched down to 1.40 per cent early Wednesday. But expectations for stronger economic growth in coming months continue to fuel worries that interest rates will head higher. It feels like we are in the eye of the storm," Stephen Innes of Axi said in a commentary. Investors have recently focused on selling high-priced technology shares but are also watching for policy changes as President Joe Biden's USD 1.9 billion stimulus package heads into the Senate after narrowly passing in the House. How much overheating and inflation will the Biden fiscal stimulus generate remains at the top of virtually every market .
The Fed will need a "big dose of patience in the summer," she added, as inflation likely picks up sharply but temporarily
Shares in the British bank slipped 5 per cent despite it restoring its dividend and reaffirming long-term profit goals