U.S. Treasury yields slipped Wednesday as investors continue to assess the economic outlook amid rising recession fears. At around 5:48 a.m. ET, the yield on the benchmark 10-year Treasury note was down at 3.173%, while the yield on the 30-year Treasury bond dropped to 3.285%. Yields move inversely to prices. As the second quarter draws … Read more
SINGAPORE — Shares in the Asia-Pacific traded higher on Monday as investors assess inflation and recession fears. Hong Kong’s Hang Seng index was up 2.13%, with the Hang Seng Tech index up 3.46%. Alibaba’s shares in the Chinese city rose 4.13% while Meituan was up 4.09%. Mainland Chinese markets also gained. The Shanghai Composite climbed 0.56%, and … Read more
SINGAPORE — Shares in the Asia-Pacific region were higher on Friday as investors weigh recession fears. Hong Kong’s Hang Seng index jumped 1% in early trade, with the Hang Seng Tech index rising 1.7%. Logistics company GoGoX climbed as high as 22.90 Hong Kong dollars ($2.92) in its stock market debut in the city. The … Read more
The yield on the benchmark U.S. 10-year Treasury note fell to its lowest level in almost two weeks on Thursday as investors continued to assess the likelihood of a recession. The yield on the 10-year Treasury note was around 4 basis points lower at 3.117%, while the yield on the 30-year Treasury bond fell 3 … Read more
LONDON — European stocks were lower Thursday, as global markets see renewed volatility after a brief recovery following last week’s tumultuous trading. The pan-European Stoxx 600 dropped 0.5% by late morning, having recouped more than half of its earlier losses. Banks fell 1.5% while travel and leisure stocks gained 1.1%. In terms of individual share … Read more
SINGAPORE — Shares in the Asia-Pacific were higher on Thursday as investors continued to monitor recession concerns. Hong Kong’s Hang Seng index jumped 1.15% in early trade, with the Hang Seng Tech index rising nearly 2%. Mainland Chinese markets traded higher. The Shanghai Composite was up 0.16%, and the Shenzhen Component was 0.64% higher. The Nikkei 225 in Japan … Read more
The rebound in U.S. equities overnight … will be taken with a pinch of salt as elevated inflation and risks to growth persist. Lavanya Venkateswaran economist, Mizuho Bank The S&P/ASX 200 in Australia declined 0.18%. MSCI’s broadest index of Asia-Pacific shares outside Japan declined 1.34%. Major indexes in the U.S. jumped on Tuesday after weeks … Read more
U.S. Treasury yields rose on Tuesday as investors awaited the release of a fresh batch of economic data on the first trading day of the week. The yield on the benchmark 10-year Treasury note was almost 3 basis points higher at 3.269%, while the yield on the 30-year Treasury bond traded 4.5 basis points higher … Read more
SINGAPORE — Asia-Pacific markets were mostly buoyant on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank says inflation will peak by the end of the year. Japanese stocks led gains, with the Nikkei 225 trading 1.84% higher to close at 26,246.31, while the Topix also rose by 2.05% to … Read more
LONDON — European stocks are expected to open higher on Tuesday, continuing a recovery seen at the start of the week. The U.K.’s FTSE index is seen opening 17 points higher at 7,132, Germany’s DAX 46 points higher at 13,298, France’s CAC 40 up 23 points at 5,928, and Italy’s FTSE MIB 75 points higher at … Read more