Asian stocks dipped early Wednesday after poor U.S. economic data stoked global ...
TOKYO - Asian stocks dipped early Wednesday after poor U.S. economic data stoked global recession fears and further soured investor sentiment already hurt by heightened trade war concerns.
The U.S. manufacturing sector contracted in August for the first time since 2016 amid worries about a weakening global economy and rising trade tensions between China and the United States, the Institute for Supply Management’s report on Tuesday showed. According to CME’s FedWatch tool, traders have almost fully priced in a 25 basis point interest rate cut at the Fed’s Sept. 17-18 policy meeting while expectations for another 25 bp reduction being implemented at the October meeting have risen to 61% from 53% over the past month.
Sterling was last at $1.2090 after falling on Tuesday to $1.1959, the lowest level since October 2016.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Asian stocks mixed after US, Chinese tariff hikesBEIJING (AP) — Asian stocks were mixed Monday after Washington and Beijing escalated their trade war with new tariff hikes. Shanghai advanced while Tokyo and Hong Kong declined. South...
Lire la suite »
Asian factories lashed by trade wars, slowing demand in AugustThe bitter trade war between China and the United States kept Asian factory acti...
Lire la suite »
We Need To Talk About How Asian-Owned Businesses Treat Their Black ClienteleThere is a long history of Black-Asian conflict in America, and tensions were especially high in the early 1990s in New York and Los Angeles.
Lire la suite »
Asian stocks mixed after US, China impose new tariff hikesMost Asian markets fell on Monday as fresh Chinese and US tariffs on goods worth hundreds of billions of dollars kicked in.
Lire la suite »
Asia stocks dented by trade war, Brexit showdown paralyses poundUS bond yields up slightly after sharp fall in August, while European shares seen dipping slightly. Meanwhile, pound sterling drops to just below $1.2, its lowest level since January 2017.
Lire la suite »