Asian stocks rebound after two days of losses

MSCI’s broadest index of Asia-Pacific shares outside Japan increases 0.3% while US recession fears remainA man stands in front of an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan. REUTERS/KIM KYUNG-HOON

Australian shares were flat, while Japan’s Nikkei jumped 1.8% after recording its biggest drop since late December on Monday.Wall Street shares were little changed on Monday with the S&P 500 ending with a small loss of 0.08%.Investors have been spooked by sharp falls in US bond yields and an inversion of the US Treasury yield curve, which is widely seen as an indicator of an economic recession.

The 10-year yield fell below the yield for three-month bills on Friday for the first time since 2007, inverting the yield curve. “I expect some correction to the latest rally in bonds. For now we have to see this week’s auctions,” he said.The treasury department will sell $113bn in coupon-bearing supply this week, including $40bn in two-year notes on Tuesday, $41bn in five-year notes on Wednesday and $32bn in seven-year notes on Thursday.US economic growth could be “pretty weak” in the first quarter but will likely be much closer to 2%-2.

The British pound stood at $1.3195, erasing small gains made after legislators voted to wrest control of the Brexit process from Prime Minister Theresa May’s government.

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.

JSE could follow Asian stocks lower on WednesdayGlobal markets have shifted their attention to a rate decision by the Federal Reserve and tense US-China trade talks
Source: BDliveSA - 🏆 12. / 63 Read more »

Asian stocks stumble amid concern about looming downturnInvestors ditch shares and flee to the safety of bonds while the Japanese yen hovers near a six-week high as risk assets fall out of favour on growing fears about a US recession
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE set to react to weaker Asian markets and a firmer randThe rand gained on Thursday while local markets were closed for Human Rights Day, and Naspers's primary asset Tencent has fallen 1%
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE could struggle for direction as Asian markets edge higherConcerns of slowing global economy has led to the bourse extending losses to a third-consecutive session on Monday
Source: BDliveSA - 🏆 12. / 63 Read more »