Share markets followed Wall Street into the red.
People pass by an electronic screen showing Japan's Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei KatoHONG KONG, Feb 22 - Asian share markets followed Wall Street into the red on Wednesday as surprising strength in global surveys of services stoked fears that central banks would have to lift interest rates yet further and keep them up for longer.fell 0.
"The flow of economic data surprises has continued overnight and this time it was a uniformly stronger than expected performance of the services sector across major developed market economies," National Australia Bank analysts wrote in a client note. "It concerns the market that central banks will have to hike rates a lot more to curb inflation," said Kerry Craig, JPMorgan Asset Management's global market strategist.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10 Things on Wall Street: Big rainmakersInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Nvidia vs. TSMC: Wall Street pros name their favorite stock as chip battle heats upNvidia and TSMC have both made headlines in recent weeks — albeit for different reasons. So which of Wall Street's favorite chip stocks is the safer bet?
Read more »
Bitcoin sees fresh $25K rejection as pre-Wall Street volatility returnsBitcoin sees rejection at $25,000 as BTC price action strikes volatility into the start of Wall Street trading.
Read more »
US futures dip to start holiday-shortened Wall Street week | amNewYorkFutures on Wall Street dipped Tuesday, extending last week's selling that dragged the benchmark S&P to its first back-to-back weekly declines since the turn of the year.
Read more »
Wall Street has a higher chance of hitting earnings estimates: Jeremy SiegelJeremy Siegel says earnings estimates on Wall Street have a higher chance of being met as recession risk eases
Read more »
Wall Street tumbles, Dow loses 697 on fears about high ratesThe S&P 500 fell 2% for its sharpest drop since the market was selling off in December.
Read more »