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Asia Stocks to Fall After Wall Street Tech Slump: Markets Wrap.
In: Bloomberg.com, 2024-04-16, S. N.PAG
Online
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Zugriff:
Asian stocks are expected to decline following a drop in Wall Street shares due to concerns about US inflation. Tech megacaps such as Microsoft, Apple, and Nvidia led the decline. Bond yields rose on strong retail sales data, while oil prices were volatile due to geopolitical tensions. In Asia, attention will be on China's economic indicators, including GDP and retail sales. The Japanese yen weakened against the dollar, and there is a possibility of intervention by Tokyo authorities. US retail sales exceeded expectations, indicating strong consumer demand and the potential for entrenched inflation. The Federal Reserve's rate cuts may be delayed as a result. [Extracted from the article]
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Asia Stocks to Fall After Wall Street Tech Slump: Markets Wrap.
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Autor/in / Beteiligte Person: | Scott, Jason |
Zeitschrift: | Bloomberg.com, 2024-04-16, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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