Asian share markets tried to regain their footing on Thursday after a steep sell-off, while a rally in Treasuries dented the dollar and lifted the yen as U.S...
SINGAPORE - Asian share markets tried to regain their footing on Thursday after a steep sell-off, while a rally in Treasuries dented the dollar and lifted the yen as U.S. economic worries raised the odds of the Federal Reserve going big on rate cuts.
That helped lift MSCI's broadest index of Asia-Pacific shares outside Japan by 0.6%, having tumbled nearly 3% over the course of a three-day losing streak. The latest change in markets expectations comes after data released on Wednesday showed U.S. job openings dropped to a 3-1/2-year low in July, suggesting the labour market was losing steam.
"What’s also going for the U.S. economy and the Fed, is the loose financial conditions which should support the economy and allow the U.S. central bank to cut rates gradually and steadily without panicking."
Global Capital Markets Federal Reserve
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasuries, Yen Rally After Weak US Jobs Report: Markets Wrap(Bloomberg) -- The effects of a rally in Treasuries spread across Asian markets Thursday, weakening the dollar and supporting the yen as investors prepared...
Read more »
Treasuries End August Sliding as Traders See Gradual Fed Cuts(Bloomberg) -- Treasury yields rose Friday as inflation data reinforced the outlook for a less-aggressive pace of Federal Reserve interest-rate cuts starting...
Read more »
Treasuries Head for Longest Monthly Winning Streak Since 2021(Bloomberg) -- Treasuries are poised for their longest monthly winning streak in three years as traders brace for the Federal Reserve to start cutting...
Read more »
Morning Bid: As Nvidia awaited, Treasuries absorb new delugeNvidia's post-bell earnings update on Wednesday is keeping stock markets everywhere in a holding pattern, while U.S. Treasury markets appear to be absorbing ...
Read more »
Treasuries are just as data-dependent as the FedTreasury yields (^FVX, ^TNX, ^TYX) are trending upward as investors await July's Personal Consumption Expenditure (PCE) index — the Federal Reserve's...
Read more »
Treasuries Set to End Volatile Week Higher as Rate-Cut Bets Ease(Bloomberg) -- Treasuries were set to end the week on a strong note after being whipsawed by economic data, with traders coalescing around bets the Federal...
Read more »