Asian stock markets followed Wall Street lower Friday ahead of an update on U.S. employment amid worries about possible further interest rate hikes
The Nikkei 225 JP:NIK in Tokyo tumbled 1.3% as Kazuo Ueda’s appointment for the next head of Japan’s central bank won parliamentary approval.The Nikkei 225 NIK in Tokyo tumbled 1.3% as Kazuo Ueda’s appointment for the next head of Japan’s central bank won parliamentary approval.
Wall Street’s benchmark S&P 500 index fell Thursday by its biggest one-day margin this year after Federal Reserve Chair Jerome Powell warned rates might be raised faster than expected to cool stubbornly high inflation. On Wall Street, the S&P 500 SPX fell 1.9% to 3,918.32, further eroding gains from earlier in the year. Some 95% of companies in the benchmark index declined.
Powell said earlier in the week the Fed was ready to impose more big rate hikes if necessary. That added to fears the Fed and other central banks might push the global economy into at least a brief recession to extinguish inflation. A report Wednesday showed the number of job openings advertised across the country last month was higher than economists expected.
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.
Asian markets mixed after Wall Street steadies amid rate-hike fearsAsian stock markets were mixed Thursday after Wall Street steadied following a plunge on worries about more U.S. interest rate hikes.
Read more »
Asian stocks follow Wall St lower ahead of US jobs updateAsian stock markets have followed Wall Street lower ahead of an update on United States employment amid worries about possible further interest rate hikes
Read more »
Deepening worries about high rates send Wall Street lowerStocks sank broadly on Wall Street, worsening their losses for the week, as markets remain anxious about the prospect of more aggressive action by the Federal Reserve to fight inflation with higher interest rates
Read more »
Deepening worries about high rates send Wall Street lowerNEW YORK (AP) — Stocks stumbled on Wall Street Thursday and added to the week’s losses as markets remain anxious about the prospect of more aggressive action by the Federal Reserve to fight inflation.
Read more »
A Turtle Bay Townhouse With Wall-to-Wall WindowsDesigned by the architects John Stonehill and Oliver Lindquist, three stories of this Turtle Bay home are lined with wall-to-wall windows at the front and back, giving it a 'solarium' feel
Read more »
Stock futures are flat as Wall Street weighs likelihood of higher rate hikes: Live updatesInvestors’ focus turned toward the prospect of higher rates for longer following Federal Reserve Chairman Jerome Powell’s Congressional testimony.
Read more »