Markets sink after US data deal blow to rate cut hopes

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 33 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 94%

Asia Market News

Markets fell in Asia and Europe on Friday, tracking a sell-off on Wall Street sparked by a string of better-than-expected US data that added to worries the Federal Reserve will hold off on cutting interest rates this year.

An investor looks at his mobile phone showing stock market movements at a securities company in Beijing on January 8, 2016.HONG KONG, China —

The readings indicated the world's top economy was still in rude health, quelling the excitement sparked by last week's news that the consumer price index slowed in April after three months of topping forecasts. The prospect of interest rates remaining at two-decade highs through most of the year put upward pressure on the dollar.

But she added that "at this stage, we expect the BoJ to wait until around October before increasing interest rates again".Hong Kong - Hang Seng Index: DOWN 1.4 percent at 18,608.94 London - FTSE 100: DOWN 0.6 percent at 8,288.32West Texas Intermediate: DOWN 0.3 percent at $76.

 

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

 /  🏆 1. in ERROR

Finance Finance Latest News, Finance Finance Headlines

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

Niki to hold world tour in ManilaIndonesian singer-songwriter Niki announced her biggest tour to date, “Niki: Buzz World Tour,” covering 41 markets in North America, Europe, the UK, Asia, Australia, and New Zealand. 
Source: manilabulletin - 🏆 25. / 51 Read more »

Asian markets build on rally as US jobs data boost rate cut hopesMost Asian markets rose Monday after data showing fewer US jobs were created last month rekindled optimism interest rates will be cut this year, while mainland Chinese equities bounced on hopes for fresh government economic support.
Source: PhilstarNews - 🏆 1. / 94 Read more »

Asian markets track Wall Street’s decline as US Fed decision loomsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Asian markets track Wall St down as Fed loomsAsian stocks sank in holiday-thinned trade Wednesday, tracking a sharp sell-off on Wall Street after fresh US data dealt another blow to hopes the Federal Reserve will cut interest rates this year.
Source: PhilstarNews - 🏆 1. / 94 Read more »