As investors looked forward to 2023 with caution and weighed hopes for economic growth, equities closed lower on Wednesday as US Treasury yields rose. China also eased COVID-19 restrictions amid concerns about rising incidences in the country. The benchmark 10-year Treasury yield rose for the third day in a row, reversing a decline earlier as Read More…
Following Wall Street’s post-holiday slump, Asian equities were mostly lower on Wednesday as investors count down to the end of a tough year. After easing its strict “zero-COVID” policy, the Chinese government boosted stocks in Hong Kong, Tokyo, Shanghai, and Seoul after taking further steps to resume overseas travel. The Chinese government announced a key Read More…
Investors are growing more worried that a recession will occur in 2023. Initial claims for unemployment benefits increased by 2,000 in the US. US gross domestic product expanded at an annualized rate of 3.2% last quarter. Gold prices recovered slightly on Friday after a big collapse. Robust economic figures fanned concerns that the Federal Reserve’s Read More…
US oil stockpiles dropped by 5.89 million barrels for the week ending on December 16. The demand for heating oil in the US is expected to skyrocket. There are concerns about demand brought on by China’s COVID-19 increase. On Thursday, Oil prices increased for the fourth day in a row as US crude, heating oil, Read More…
This month, the 10-year US Treasury yield reached its highest level in response to the BoJ policy tweak. Investors are baffled about how to interpret the BoJ’s policy shift. Single-family homebuilding in the United States fell to a 2-1/2 year low in November. Equities held steady on Wednesday after closing higher on Tuesday. The dollar Read More…
The Bank of Japan increased the permissible band for long-term rates. The BOJ maintained its Yield Curve Control (YCC) targets. US equities have been dragged lower due to recession worries. Asian equities plummeted following an unexpected adjustment by the Japanese central bank to its bond yield limits on Tuesday that will allow long-term interest rates Read More…
