Asian Stocks Set to Drop on Hawkish Fed Comments: Markets Wrap
Asian stocks dropped after US shares and Treasuries extended this month’s selloff following solid economic readings and hawkish Federal Reserve commentary.
Asian stocks dropped after US shares and Treasuries extended this month’s selloff following solid economic readings and hawkish Federal Reserve commentary.
Oil headed for its first back-to-back weekly drop this year as a wider risk-off mood driven by hawkish comments from Federal Reserve policymakers countered sustained tensions in the Middle East.
Japan’s consumer inflation eased more than expected while staying above the Bank of Japan’s inflation target as authorities prepare to meet next week.
Beijing’s currency defense against the dollar risks coming undone by the side effect it is having against the other major currencies in China’s trading orbit.
Australia is on track to deliver a second consecutive budget surplus even as mounting headwinds in key trading partner China and geopolitical tensions weigh on its economy, Treasurer Jim Chalmers said in Washington.
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