Asian stocks and US equity futures struggled to make headway on Friday as the Federal Reserve’s plan for aggressive policy tightening and China’s Covid lockdowns hung over markets.
Shares fell in Japan and fluctuated in Hong Kong and China, while S&P 500 and Nasdaq 100 contracts were steady. Global equities are nursing losses for the week, hurt by the risk of an economic downturn as the Fed tackles inflation.slid for a third day as Tencent Holdings Ltd.’s decision to shut its game streaming service further hurt sentiment in a sector already bogged down by regulatory risks.
A dollar gauge was in sight of its highest level since 2020. Oil fell, squeezed by plans to release millions of barrels of crude from strategic reserves and China’s demand-sapping virus outbreak.
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.
Business Maverick: U.S. Bonds, Stocks Sink as Rate-Hike Bets Ramp Up: Markets WrapThe U.S. bond selloff deepened and stocks declined on Wednesday as investors positioned for a stepped-up campaign of monetary tightening by the Federal Reserve to tackle high inflation.
Read more »
Business Maverick: Goldman Sees U.S. Inflation Peaking Now and Recession Risk RisingGoldman Sachs Group Inc. expects U.S. inflation to come in below 4% this year, while growth in equities will be relatively flat, according to Meena Lakdawala-Flynn.
Read more »
US tech giant Salesforce in hiring spree in SAThe enterprise software firm, which recently established its first legal entity in SA, is looking to hire in a bid to grow its business locally.
Read more »
Ukraine war to inflict 'enormous economic repercussions' globally : US treasury secretary | Fin24US Treasury Secretary Janet Yellen will warn on Wednesday that the war in Ukraine threatens to inflict 'enormous economic repercussions' globally, just as governments impose fresh sanctions on Russia and economists cut growth forecasts.
Read more »
'This kills us': SA reacts to fuel hikes despite government's assistanceThe price of fuel has increased again in South Africa 😱 Motorists and low-income households will feel the increase the most, despite Government’s intervention to lift levies👇 PetrolPriceHike PetrolPrice
Read more »
'Everybody wants to help us' - stranded Ukrainian tourists find support in Sri Lanka | News24As the sun dips below the Indian Ocean waves, Ukrainian tourist Viktoria Makarenko and her daughter light incense every evening at a temple in a Sri Lankan beach resort to pray for a return home.
Read more »