Asian shares slide as investors brace for US rates rise

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

South Africa Headlines News

Expectation is for a first move to 0.25% in March and three more to 1.0% by year-end

Sydney — Asian shares slipped on Monday as investors braced for a Federal Reserve meeting at which it is expected to confirm it will soon start draining the huge lake of liquidity that has supercharged growth stocks in recent years.

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.7% and Japan's Nikkei 0.1%. Chinese blue chips added 0.4%, perhaps aided by the recent easing in policy by Beijing.But Wall Street futures bounced after last week's drubbing, with the S&P 500 futures up 0.7% and Nasdaq futures 0.8%. The prospect of higher borrowing costs and more attractive bond yields has taken a toll on tech stocks with their lofty valuations, leaving the Nasdaq down 12% so far this year and the S&P 500 nearly 8%.

However, Allen noted that even with the recent drop the S&P 500 was still 40% above where it ended 2019, and the Nasdaq 60%. Earnings season is also well under way and companies reporting this week include IBM, Microsoft, Johnson & Johnson, Tesla and Apple.While Treasuries did bounce late last week, 10-year yields are still up 22 basis points on the month so far at 1.77% and not far from levels last seen in early 2020.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of AMBREYMARCUS1 I made a successful withdrawal of R 200,000 with the help of AMBREYMARCUS1 .

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:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lab monkeys escape after US road crash, one on the looseThe crash in Pennsylvania of a truck transporting 100 monkeys to a laboratory allowed four of them to escape, triggering a search by police. At least they don't have any slavery mandates unlike what we have today yet we were predestined to be gods(to be like God Yahweh). Another pandemic loading 🙄 Looks like Joe Biden 🤣😂🤣😂
Source: eNCA - 🏆 49. / 51 Read more »

Tweeps slam MacG for 'crass' questions in interview with US star Ari LennoxMac G scooped his first international guest in Ari Lennox but tweeps felt he fumbled the bag with his crassness. Timelies Journalism is dead I'm sharing this because this was exactly how i saw so many posts about Stephanie Obrien and how she was helping individuals with their trades and i decided to give it a try and luckly it went well, Contact her via her profile link below 👇👇 Stephanie_fx_tr
Source: TimesLIVE - 🏆 28. / 59 Read more »

US airlines hopeful for post-Omicron 2022 after Q4 lossesMajor US carriers stumbled through another money-losing quarter at the end of the 2021 but remain confident of a travel recovery later in 2022. I always hated Bitcoin and thought it was a scam,till I met AMBREYMARCUS1 I made my withdrawal of R250,000 in 2 weeks thanks to AMBREYMARCUS1 Now am financially stable .
Source: eNCA - 🏆 49. / 51 Read more »

No evacuation of US citizens in Ukraine yet, says state deptThe White House has said Moscow could launch an offensive against the former Soviet republic 'at any point.'
Source: TheCitizen_News - 🏆 6. / 75 Read more »

OPINIONISTA: Australian Open reminds us that sport moves on easily even without stars like DjokovicThe world didn’t end. Tennis didn’t stop. The season’s first Grand Slam did not collapse in on itself like a planet being drawn into a sporting black hole because the men’s No 1 tennis player failed to make it to the starting line at the Australian Open. For all those who are new to this working from home Bitcoin trading options Here's a little tip Get a trusted Bitcoin expert and stick to her GregsonLillian Invest and play at similar times each day. Because In times of chaos, your investment is your anchor to success 🥇
Source: dailymaverick - 🏆 3. / 84 Read more »

HYWEL GEORGE: Fasten your seat belts as technology blasts us into the futureConverging of exponentially growing modalities will create fastest change yet Yet because of MYANC South Africa and it’s citizens will be left behind, except those who have emigrated As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of AMBREYMARCUS1 I made a successful withdrawal of R 200,000 with the help of AMBREYMARCUS1 . I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_thomas7 on Twitter She guides me through and i made a return of R15500 after a week of trading, connect with her
Source: BDliveSA - 🏆 12. / 63 Read more »