Stock rally losing puff as economic growth doubts grow

18/5/2022 9:28:00 AM

Global Markets: Stock rally losing puff as economic growth doubts grow - Reuters

Global Markets: Stock rally losing puff as economic growth doubts grow - Reuters

SINGAPORE (May 18): Asia's stock markets eked out their fourth straight session of gains on Wednesday, but the recent rally lost momentum as nagging doubts about inflation and the drag from rate rises overshadowed bits and pieces of good news about the global growth outlook.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% and is on its longest winning streak since February. Japan's Nikkei rose 0.6% and miners led Australian shares about 0.9% higher. Gains followed a surge on

A SINGAPORE (May 18): Asia's stock markets eked out their fourth straight session of gains on Wednesday, but the recent rally lost momentum as nagging doubts about inflation and the drag from rate rises overshadowed bits and pieces of good news about the global growth outlook.Critics say Meta focused on growth at the expense of safeguarding people's data as the number of users on its 'family' of apps climbed into the billions.SINGAPURA: Krisis harga makanan global sejak pertengahan 2020 selepas serangan wabak Covid-19 menimbulkan gangguan terhadap rantaian bekalan sehingga menyebabkan harga bekalan asas seperti tepung dan minyak meningkat.A HONG KONG (May 17): Asian shares edged higher on Tuesday despite data reinforcing investor fears the global economic recovery may be more fragile than expected, even as inflationary pressures remain high.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% and is on its longest winning streak since February.The Silicon Valley tech colossus rebranded as Meta has since seen its image tainted by accusations it has become a tech tyrant, putting profit over user privacy and even the good of society.Japan's Nikkei rose 0.Rusia dan Ukraine sendiri menyumbang hampir satu pertiga daripada bekalan gandum dan barli di peringkat global, serta dua pertiga daripada eksport minyak bunga matahari yang digunakan untuk memasak.6% and miners led Australian shares about 0."At the time it went public, Facebook was considered to be young, edgy and connecting people," Creative Strategies analyst Carolina Milanesi told AFP.9% higher.S.

Gains followed a surge on Wall Street and a slump in the US dollar as investors pushed worries about inflation and recession to the back of their minds." Ad-powered machine When Facebook became publicly traded on May 18, 2012, it was seen as a darling of the Internet generation, connecting people in a"pure" way, Milanesi said.Gandum adalah antara bahan utama yang digunakan dalam beberapa hidangan makanan tradisional di negara Asia seperti roti naan, mi, piza, pasta, biskut termasuk pembungkus ladu di China.But analysts doubted it could last and both the greenback and futures were steadying in Asia.S&P 500 futures fell 0.The company tapped into information about people's online activities to become a digital advertising behemoth, raking in billions of dollars.2%, Nasdaq 100 futures fell 0.Katanya, kenaikan harga bermula Januari lalu disebabkan peningkatan kos tepung gandum, minyak serta bekalan elektrik yang terpaksa ditanggung.4% while FTSE futures were flat and European futures rose 0.In 2016, Facebook was embroiled in controversy over Russia's alleged use of it and other social media platforms to influence the outcome of the election that put Donald Trump in the White House.HSI was 1.

2%."After plunging into last week, shares could have a further near-term bounce," said Shane Oliver, chief economist and head of investment strategy at Australia's AMP Capital.Regulators in Europe passed a groundbreaking law to give people more control over their online data.“Kami perlu mencari pendapatan untuk hidup dan tidak mempunyai pilihan lain,” katanya."But risks around inflation, monetary tightening, the war in Ukraine and Chinese growth remain high and still point to more downside in share markets," he said.The US dollar held firm after an overnight kicking, helped by Australian wage growth missing forecasts, which pulled down the Aussie dollar briefly below US$0.Tough to beat Last year, the company changed its name to Meta in a nod to the metaverse - the virtual world which Zuckerberg sees as the future of the Internet.70.Ban Mian kini dijual dengan harga lima dolar Singapura (RM15.dollar index, which tracks the greenback against a basket of currencies of other major trading partners, was flat in Asian trade to be at 104.

The greenback steadied on the euro at US$1.With 2.0534 and paused a strong bounce for sterling at US$1.2480 that followed solid labour data on Tuesday."Facebook is so far ahead that it is difficult to conquer," independent expert David Bchiri said.THAILAND, VIETNAM TURUT TERJEJAS Rakan Kongsi KPMG di Singapura, Paul Kent berkata, pengimport bersih gandum Asia Tenggara termasuk Singapura, Thailand dan Vietnam akan lebih terdedah dengan kenaikan harga.Inflation figures in Britain and Canada due later on Wednesday could also shift rate expectations and move the currencies.The dollar index hovered at 103.It has mimicked what makes rivals popular - like launching Reels short-form videos in response to the TikTok phenomenon.Investors are also weighing the global inflationary impact of lockdowns in China to combat the coronavirus, which have halted factory production in areas across the country.

370.“Walaupun beberapa perniagaan lebih besar akan dapat mengimbangi kenaikan kos buat sementara waktu, namun pengguna juga akan tersepit,” katanya."It's still far too early to call a long term peak in the dollar and retracements should be shallow," said analysts at Westpac.Meta owns Facebook, Instagram, WhatsApp, Messenger and a virtual reality unit that includes Oculus."But some two-way consolidation between 102-104 is likely near-term," they added, referring to the dollar index.Negative shocks Positive data had helped the short-term mood, with US retail sales meeting forecasts for a solid increase in April and industrial production beating expectations."It's so data rich; that allows us to have robust targeting," Kakadia said.Data on Wednesday showed Japan's economy shrank less than expected in the first quarter.session on Monday.

Shanghai is also edging toward an end to its protracted lockdown and China's vice-premier made soothing comments to tech executives in the latest sign of a let up in pressure." Into the metaverse While Meta is a powerhouse now, website-born Facebook was dangerously late adapting to smartphones becoming the centre of people's lives.However, any good news was offset by the reminder from Federal Reserve Chair Jerome Powell that controlling inflation would demand rate rises and possibly some pain.Investors have priced in 50 basis point US rate hikes in June and July and see the benchmark Fed funds rate nudging 3% by early next year."They want to be there before they miss another wave of transition," Milanesi said of Meta rushing to virtual worlds where people live as avatars.Treasuries of all tenors were sold on Tuesday in anticipation of rising rates, but the gap in yield between short- and long-dated bonds is narrowing as markets price a risk that hikes this year will drag on longer-run growth.Benchmark 10-year Treasuries were steady in Asia and the yield sat just below 3% at 2." Meta investors, though, are concerned about the time and money it will take for Zuckerberg to fulfil his metaverse dream.08%.

9805%.European yields are also rising as European Central Bank says a 50 basis point rate hike should not be ruled out.8bil).Commodities have rallied with stocks this week as markets have found reasons to hold out growth hopes, but oil dipped Tuesday and there were signs of waning momentum on Wednesday.Brent crude futures were up 0."I'm expecting a much stronger pivot to linking consumers and businesses, either to buy stuff or to attend events, and less about people connecting on a personal level.7% at US$112.The profile of the data suggests that supply issues related to the zero-COVID policy in China are the key factors.

73 a barrel and US crude futures rose 1."All brands want to jump on the metaverse band wagon; all have a big fear of missing out," said independent expert David Bchiri.2% to US$113.83 a barrel." – AFP Article type: metered.S&P Global Ratings cut growth forecasts for China, the United States and the eurozone."The global economy continues to face an unusually large number of negative shocks," said chief economist Paul F Gruenwald.close of 2.

"Two developments have altered the macro picture," he said, being Russia's invasion of Ukraine which sent commodity prices spiking and inflation, which has turned out to be higher, broader and more persistent than first thought.Subscribe to Mid-day email alert We deliver news to your inbox daily.

Read more:
The Edge Malaysia »
Loading news...
Failed to load news.

Facebook changing with times a decade after stock debutThe likes of TikTok, LinkedIn, Pinterest, Twitter and even Apple now vie with Meta for people's online attention as Facebook social network is increasingly seen as a place for older people.

Harga gandum meningkat di Asia TenggaraKrisis harga makanan global sejak pertengahan 2020 selepas Covid-19 menyebabkan harga tepung dan minyak meningkat. Gandum import naik tak apa lah, minyak sawit pokok tanam belakang rumah pun mahal ngalahkan harga Ron97...😂😂😂

Asia markets gain despite global growth worriesHONG KONG (May 17): Asian shares edged higher on Tuesday despite data reinforcing investor fears the global economic recovery may be more fragile than expected, even as inflationary pressures remain high.MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.84% on Tuesday, but is still down the index is down 6.7% so far this month. U.S. stocks ended the previous session with mild losses.In Tokyo, the Nikkei was flat in early trade, while in Australia the S&P/ASX200 index gained

Pengimport gandum di Asia berebut cari bekalanIndia menghentikan eksport gandum dalam usaha menangani ancaman keselamatan bekalan makanan negara itu

Stock markets struggle as fears over economy growLONDON (May 16): European stocks slipped on Monday and Wall Street was set for a lower open, as investor sentiment struggled to recover from last week's sell off amid fears of a slowdown in economic growth.Global shares hit their lowest point in 18 months last week, with investors worried that rising interest rates to counter high inflation will damage the global economy.Unexpectedly weak economic data kept from China kept those worries in centre stage on Monday. April retail sales

Stock markets are overpricing recession risk, JPMorgan strategist says(May 17): Equity investors’ anxiety about a potential recession isn’t showing up in other parts of the market, which is giving JPMorgan Chase & Co. strategist Marko Kolanovic confidence in his pro-risk stance.US and European stock markets are pricing in a 70% chance that the economy will slide into recession in the near-term, according to estimates by JPMorgan’s top-ranked strategist. That compares with a 50% chance priced into the investment-grade debt market, 30% in high-yield debt and up to