Asian shares edged higher on Tuesday despite data reinforcing investor fears the global economic recovery may be more fragile than expected, even as inflationary pressures remain high.
The U.S. dollar index , which tracks the greenback against a basket of currencies of other major trading partners, was flat in Asian trade to be at 104.1.
"One important way China's lockdowns could impact the rest of the world is through its impact on inflation. After all, inflation – and the central bank response – has been a stiff headwind for global bond and equity markets this year," Capital Economics wrote in a note to clients.The S&P 500 declined 0.
The New York Fed's Empire State manufacturing index published on Monday showed an abrupt fall during May and shipments fell at their fastest pace since the beginning of the pandemic.In early Asian trade, the yield on benchmark 10-year Treasury notes rose to 2.8931% compared with its U.S. close of 2.879% on Monday.
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.
Celebrating San Diego's Asian-owned businesses for Asian American and Pacific Islander Heritage Month -SAN DIEGO (KUSI) – May is Asian American and Pacific Islander Heritage Month and one local company embodies that heritage. KUSI’s Kacey McKinnon was live in Carmel Mountain Ranch highlighting “Mostra” Coffee, a local small AAPI-owned company. They’re back in the spotlight after their head roaster won the US Roaster Championship! Categories: Good Morning San Diego
Read more »
Race Car Driver Samantha Tan on Eczema, Mental Health, and Why Asian Representation MattersWinning isn’t STR_Samantha's only goal.
Read more »
Tezos Foundation Launches Fund to Collect NFT Creations by African and Asian Artists – Metaverse Bitcoin NewsMisan Harriman will also focus on acquiring the works of artists from regions with less representation in the NFT community. nfts digitalart blockchain
Read more »
57 Asian Actors You Should KnowWe can't get enough of these talented stars.
Read more »
Dallas police believe 3 recent shootings at Asian-owned businesses may be connected and hate-motivatedDallas police believe three recent shootings at Asian-run businesses in the area may be connected, and may be hate-motivated, Chief Edgardo Garcia said in a Friday news conference.
Read more »
Notable faces you should recognize this Asian American and Pacific Islander Heritage MonthMay marks Asian American and Pacific Islander Heritage Month, a time in which we pay tribute to the generations of people who have enriched our country’s history -- and the ones who are still growing up, who will be instrumental in future successes.
Read more »