(Bloomberg) — Global stock markets struggled on Wednesday, after comments from Federal Reserve Chair Jerome Powell boosted interest rate wagers, drove up Treasury bond yields and revived fears that the world’s largest economy will not be able to dodge a recession.
ອ່ານຫຼາຍທີ່ສຸດຈາກ Bloomberg
Europe’s Stoxx 600 equity benchmark opened about 0.3% weaker, after an Asian stocks gauge fell more than 1%, with losses driven primarily by commodity shares. US equity futures traded around flat, after the underlying S&P 500 and Nasdaq indexes posted their biggest losses in two weeks. As the dollar extended the previous day’s 1% gain, oil prices lost more ground following Tuesday’s 3.6% drop.
Money markets are now pricing US interest rates rising above 5.6% later this year after Powell signaled readiness to speed up policy tightening should inflation keep running hot. That lifted rate-sensitive two-year Treasury yields past 5% for the first time since 2007, raising its premium over 10-year rates to a full percentage point for the first time since 1981, a level which according to Deutsche Bank strategists signals recession within a maximum eight months.
“We would be foolhardy to expect we can’t reach 6% on Fed rates, and clearly that has an impact on asset markets across the globe,” Rabobank strategist Jane Foley told Bloomberg Television. If the Fed has to work harder to get inflation down, “that certainly does imply recession,” she added.
Read more: Deepest Bond Yield Inversion Since Volcker Suggests Hard Landing
Read more: Global Investors Contemplate Fallout From US Rates Reaching 6%
As chances grew of a 50 basis-point move at the Fed’s March 21-22 meeting, analysts at Goldman Sachs added a July Fed hike to their forecasts. Rates are repricing higher elsewhere too, with wagers on the Bank of England rising as high as 5% on Wednesday, while an additional 150 basis points of tightening is now priced from the European Central Bank.
The pain is hitting emerging markets, with MSCI’s emerging equity gauge losing as much as 1.6%, while a fall in China’s yuan saw the central bank signal its intention to support the currency.
Rabobank’s Foley noted the dollar’s rise — it is close to its highest levels for this year — would filter through to emerging economies which could find themselves having to raise interest rates further. “That leads to the impression global growth will also be slowing,” she said
Powell speaks to Congress again later in the day, though the next highlight will be Friday’s February jobs data. Payroll growth has topped estimates for 10 straight months in the longest streak in decades, a trend that, if extended, will boost pressure on the Fed to keep raising interest rates.
ເຫດການສໍາຄັນໃນອາທິດນີ້:
GDP ຂອງເຂດເອີຣົບ, ວັນພຸດ
ຄໍາຮ້ອງສະຫມັກການຈໍານອງ MBA ຂອງສະຫະລັດ, ການປ່ຽນແປງການຈ້າງງານ ADP, ຍອດການຄ້າ, ການເປີດວຽກ JOLTS, ວັນພຸດ
ບົດລາຍງານນະໂຍບາຍການເງິນຂອງປະທານ Fed Powell ຕໍ່ຄະນະກຳມະການບໍລິການການເງິນຂອງລັດຖະສະພາ, ວັນພຸດ
ການຕັດສິນໃຈອັດຕາການາດາ, ວັນພຸດ
ຄັງເກັບນ້ຳມັນດິບ EIA, ວັນພຸດ
ຈີນ CPI, PPI, ວັນພະຫັດ
ການຕັດວຽກ Challenger ຂອງສະຫະລັດ, ການຮ້ອງຂໍການຫວ່າງງານໃນເບື້ອງຕົ້ນ, ການປ່ຽນແປງຂອງຄອບຄົວໃນມູນຄ່າສຸດທິ, ວັນພະຫັດ
ການຕັດສິນໃຈອັດຕານະໂຍບາຍຂອງທະນາຄານຍີ່ປຸ່ນ, ວັນສຸກ
ເງິນເດືອນທີ່ບໍ່ແມ່ນກະສິກໍາຂອງສະຫະລັດ, ອັດຕາການຫວ່າງງານ, ຖະແຫຼງການງົບປະມານປະຈໍາເດືອນ, ວັນສຸກ
ບາງການເຄື່ອນໄຫວຕົ້ນຕໍຢູ່ໃນຕະຫຼາດ:
ຮຸ້ນ
S&P 500 futures were little changed as of 3:22 a.m. New York time
ອະນາຄົດ Nasdaq 100 ມີການປ່ຽນແປງເລັກນ້ອຍ
ອະນາຄົດຂອງ Dow Jones Industrial Average ມີການປ່ຽນແປງເລັກນ້ອຍ
ດັດຊະນີ Stoxx Europe 600 ຫຼຸດລົງ 0.2%
ດັດຊະນີ MSCI World ຫຼຸດລົງ 0.3%
ອະນາຄົດຂອງ S&P 500 ມີການປ່ຽນແປງເລັກນ້ອຍ
ອະນາຄົດ Nasdaq 100 ມີການປ່ຽນແປງເລັກນ້ອຍ
ດັດຊະນີ MSCI Asia Pacific ຫຼຸດລົງ 1.1%
ດັດຊະນີ MSCI Emerging Markets ຫຼຸດລົງ 1.4%
ສະກຸນເງິນ
ດັດຊະນີຈຸດເງິນໂດລາຂອງ Bloomberg ມີການປ່ຽນແປງເລັກນ້ອຍ
ເງິນເອີໂຣມີການປ່ຽນແປງເລັກນ້ອຍຢູ່ທີ່ $ 1.0544
ປອນອັງກິດມີການປ່ຽນແປງເລັກນ້ອຍຢູ່ທີ່ $1.1827
ເງິນເຍນຍີ່ປຸ່ນຫຼຸດລົງ 0.2% ເປັນ 137.49 ຕໍ່ໂດລາ
ເງິນຢວນຕ່າງປະເທດເພີ່ມຂຶ້ນ 0.2% ເປັນ 6.9803 ຕໍ່ໂດລາ
Cryptocurrencies
Bitcoin ຫຼຸດລົງ 0.3% ເປັນ $21,981.15
Ether ມີການປ່ຽນແປງເລັກນ້ອຍຢູ່ທີ່ $1,551.72
ພັນທະບັດ
ຜົນຜະລິດຢູ່ໃນຄັງເງິນ 10 ປີກ້າວ ໜ້າ ສອງຈຸດພື້ນຖານເຖິງ 3.98%
ຜົນຜະລິດ 10 ປີຂອງເຢຍລະມັນມີການປ່ຽນແປງເລັກນ້ອຍຢູ່ທີ່ 2.70%
ຜົນຜະລິດ 10 ປີຂອງອັງກິດກ້າວ ໜ້າ ສອງຈຸດພື້ນຖານເປັນ 3.84%
ສິນຄ້າ
ເລື່ອງນີ້ໄດ້ຖືກຜະລິດໂດຍການຊ່ວຍເຫຼືອຂອງ Bloomberg Automation.
ອ່ານຫຼາຍທີ່ສຸດຈາກ Bloomberg Businessweek
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Source: https://finance.yahoo.com/news/asia-stocks-slide-powell-stokes-232308196.html