Asian stocks recovered some of their steep losses from the previous session on Friday after U.S. markets limited further declines from hawkish U.S. Fed comments, supported by a firm economy and strong earnings at Apple Inc.
On Wall Street, U.S. stocks retreated after a solid opening, as investors juggled positive economic news with mixed corporate earnings, geopolitical unrest and the prospect of a more hawkish Federal Reserve. But gains were pared as investors processed how strong economic growth might inform the Fed's thinking.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US yields rise, Asian shares slump as Powell warns on inflationSHANGHAI : Asian shares tumbled to their lowest in nearly 15 months, short-term U.S. yields rose to 23-month highs and the dollar strengthened on Thursday after the Federal Reserve's chairman signalled plans to steadily tighten policy.At the same time, rising investor concerns over political tensions betw
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Fed signals first US rate hike since pandemic coming in MarchWASHINGTON: Federal Reserve Chair Jerome Powell on Wednesday (Jan 26) gave a clear signal the central bank is ready to raise US interest rates in March for the first time since cutting them to zero when Covid-19 broke out. That would end the era of easy money that fuelled Wall Street\u0027s record-setting run d
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asian shares slump as Powell warns on inflationSHANGHAI : Asian shares fell to their lowest in more than 14 months, short-term U.S. yields rose to 23-month highs and the dollar strengthened on Thursday after the Federal Reserve's chairman signaled plans to steadily tighten policy.At the same time, rising investor concerns over political tensions betwe
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asian Insider: S'pore-Indonesia ties | ST Deep Dive
Source: STForeignDesk - 🏆 4. / 71 Read more »
India's Modi hosts virtual summit with Central Asian leadersstraits_times Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles straits_times What’s India’s Modi ? Either call him PM of India , Modi or simply Modi ...you as if each country has its own Modi
Source: STForeignDesk - 🏆 4. / 71 Read more »
Tigers fed Lunar New Year treats at Singapore zooMalayan tigers at the Singapore zoo enjoy treats as part of festivities ahead of the Lunar New Year holiday.
Source: YahooSG - 🏆 3. / 71 Read more »