Asia-Pacific markets fall, with Korean stocks posting a more than 2% drop after the U.S. 10-year Treasury yield hit its highest in 16 years.
Mount Fuji and buildings in the Shinjuku district are reflected on a table at an observation deck in Tokyo, Japan, on December 24, 2013.Asia-Pacific markets opened lower, with Korean stocks posting a more than 2% drop after the U.S. 10-year Treasury yield hit its highest level in 16 years.China's markets remain closed for a weeklong holiday.10-year U.S.
The spread between the 2-year and 10-year Treasury yields tightened to 35 basis points, compared to a gap of 108 basis points a few months ago, Gundlach pointed out. This "de-inverting" of the key part of the yield curve could be"Should put everyone on recession warning, not just recession watch," Gundlach said in a post on X, formerly known as Twitter. "If the unemployment rate ticks up just a couple of tenths it will be recession alert. Buckle up.
Citi named two stocks as its "top picks" in the Indian stock market, which it believes are relatively immune to an uncertain global economic outlook.CNBC Pro: 'Fertile ground': Goldman names stocks to tap a $6 trillion renewables market, gives one 58% upside It said the U.S. Inflation Reduction Act and the European Union's RePowerEU plan combined could mobilize nearly $6 trillion of capital in clean energy over the next 10 years.The VIX, derived from stock options prices and measuring expected volatility over the next 30 days, is often regarded as a sentiment indicator since low readings are associated with investor complacency and high readings with fear and skittishness.
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.
Asia-Pacific stocks set to fall as U.S. 10-year Treasury yield notches 16-year highAsia-Pacific markets are set to open mixed after the U.S. 10-year Treasury yield hit its highest in 16 years.
Read more »
Asia-Pacific stocks fall as U.S. 10-year Treasury yield notches 16-year highAsia-Pacific markets fall after the U.S. 10-year Treasury yield hit its highest in 16 years.
Read more »
Hong Kong leads Asia-Pacific markets lower; Australia's central bank keeps interest rate unchangedHong Kong stocks fell over 3%, leading wider losses in the region as the Reserve Bank of Australia kept rates unchanged.
Read more »
‘Evil Does Not Exist’ Heads Asia Pacific Screen Awards NominationsJapanese and Chinese films scoop the largest nominations hauls ahead of the Asia Pacific Screen Awards.
Read more »
Philippines, allies kick off naval drills amid Asia-Pacific tensionForces from Manila, Britain, Canada, Japan and the United States kicked off on Monday two weeks of joint naval exercises in Philippine waters as a 'show of force', amid flaring regional tension.
Read more »
Philippines, allies begin naval drills as Asia-Pacific tensions simmerThis year's 'Sama Sama' drills are being held in the southern part of the island of Luzon, featuring naval exercises in areas such as anti-submarine warfare, air defence and search and rescue, the Philippine navy says.
Read more »