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Bracing for US inflation aftershock

From channelnewsasia.com

A look at the day ahead in Asian markets. If anyone was wondering what it would take to puncture the U.S. economic 'soft landing' hopes that have fueled investors' risk appetite and gains across most markets this year, especially in tech and on Wall Street, they got their answer on Tuesday. An unwelcome upside surprise in U.S. inflation triggered a surge in bond yields, pushed expectations of the first Fed rate cut out to June, juiced the dollar - most notably for a break above 150.00 yen - and tanked global stock prices. The MSCI Asia ex-Japan index is now down four days in a row, and it could be five on Wednesday - ... (full story)

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  • Category: Fundamental Analysis