Asian markets on Monday will be hoping to bounce back from one of the most bruising weeks this year, but that won't be easy given the hawkish tone of recent Fed comments, heightened Middle East tensions and deepening weakness in tech stocks.
The United States, Japan and South Korea issued a joint statement on the issue, ECB rate-setter Robert Holzmann said the ECB probably won't cut rates this year as much as planned if the Fed doesn't move, and the IMF urged Asian central banks to focus on domestic inflation rather than following the Fed too closely.
Attention remains fixed on Asia's most liquid FX market and whether, with the dollar hovering at 34-year peaks near 155.00 yen, Japanese authorities will back up recent warnings against the yen's depreciation with intervention.Bank of Japan Governor Kazuo Ueda said in Washington on Friday that the central bank will "very likely" be raising interest rates if underlying inflation continued to go up.
Chinese markets will get their first chance to react to new measures announced on Friday aimed at promoting overseas investment in its technology sector.Telus stock is down 37% in two years and is trading near its pandemic low, making investors wonder how low it can go. The post Telus Stock Is Down to its Pandemic Low of Below $22: How Low Can it Go? appeared first on The Motley Fool Canada.These five TSX dividend stocks can help you create a passive stream of dividend income for life.