• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Monday, January 30, 2023
Massachusetts Digital News
  • Home
  • US
  • Business
  • World
  • Boston
  • Worcester
  • Springfield
  • Cambridge
  • Lowell
  • Brockton
  • Press Releases
  • Videos
No Result
View All Result
  • Home
  • US
  • Business
  • World
  • Boston
  • Worcester
  • Springfield
  • Cambridge
  • Lowell
  • Brockton
  • Press Releases
  • Videos
No Result
View All Result
No Result
View All Result
Home Business

Asian Stocks Mixed As Investors Await US Profits, Inflation

by Duong
April 12, 2022
in Business
asian-stocks-mixed-as-investors-await-us-profits,-inflation
Share on FacebookShare on Twitter

Asian stock markets are mixed as investors wait for U.S. inflation data amid unease about higher interest rates, Chinese efforts to contain coronavirus outbreaks and Russia’s war on Ukraine

By JOE McDONALD AP Business Writers

April 12, 2022, 7:31 AM

• 3 min read

BEIJING — Asian stock markets were mixed Tuesday as investors waited for U.S. inflation data amid unease about higher interest rates, Chinese efforts to contain coronavirus outbreaks and Russia’s war on Ukraine.

Shanghai and Hong Kong advanced while Tokyo and Seoul fell. Oil prices rose more than $3 per barrel.

Wall Street’s benchmark S&P 500 index slid 1.7% on Monday as investors waited for a new round of corporate results to see how profits are affected by inflation that is at a four-decade high.

Markets are uneasy about plans by the Federal Reserve and other central banks to try to cool inflation by rolling back ultra-low interest rates. Russia’s attack on Ukraine and China’s decision to shut down most businesses in Shanghai, its commercial capital, to fight coronavirus outbreaks have added to the anxiety.

“Worries linger about the COVID-19 situation,” said Anderson Alves of ActivTrades in a report. “Markets are eyeing the situation in Ukraine for signs that could trigger further risk-off price action.”

The Shanghai Composite Index gained 1.5% to 3,213.33 after authorities announced they would ease anti-coronavirus controls that shut down most businesses in China’s most populous city and disrupted manufacturing.

The Hang Seng in Hong Kong climbed 0.9% to 21,400.40 while the Nikkei 225 in Tokyo shed 1.8% to 26,334.98.

The Kospi in Seoul gave up 1% to 2,666.76 and Sydney’s S&P-ASX 200 retreated 0.4% to 7,454.00.

India’s Sensex opened down 0.8% at 58,476.81. New Zealand and Southeast Asian markets declined.

Later Tuesday, the Labor Department was due to report March consumer prices.

Investors worry inflation might be strong enough to encourage consumers to cut spending, which would likely mean a sharper slowdown in economic growth than expected.

On Monday, the S&P 500 fell to 4,412.53 as all sectors in the index declined. The Dow Jones Industrial Average fell 1.2% to 34,308.08. The Nasdaq slid 2.2% to 13,411.96.

Microsoft fell 3.9% and Apple shed 2.6%.

Investors are anticipating a more aggressive shift from the Federal Reserve as it tries to rein in rising inflation. The central bank has already announced a quarter-percentage point raise of its key interest rate.

Fed officials indicated in minutes from last month’s meeting they were considering raising the U.S. benchmark rate by double the normal amount at upcoming meetings. They also indicated they would shrink the Fed’s bond holdings, which would push up long-term borrowing rates.

Oil prices have fallen back on expectations of weaker Chinese demand after most businesses in Shanghai were shut down and controls imposed on other industrial centers to contain coronavirus outbreaks. Prices spiked above $130 per barrel last month on anxiety about possible disruption in Russian supplies.

Automakers and other manufacturers in China are reducing production after authorities tightened restrictions to help stem coronavirus outbreaks in Shanghai and other cities.

Benchmark U.S. crude gained $3.07 to $97.36 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $3.97 on Monday to $94.29. Brent crude, the price basis for international oil trading, added $3.03 to $101.51 per barrel in London. It fell $4.30 the previous session to $98.48.

The dollar rose to 125.59 Japanese yen from Monday’s 125.46 yen. The euro declined to $1.0859 from $1.0890.


ABC News


Read More Here

Related Posts

10-things-in-tech:-amazon's-healthcare-plans

10 Things In Tech: Amazon's Healthcare Plans

by NewsReporter
April 14, 2022
0

Happy Friday eve, readers. An email from Amazon's healthcare boss details the team's "four key pillars," and Serena Williams discusses her investment firm in an exclusive interview.  Let's get started. If this was forwarded to you, sign up here. Download Insider's app – click here for iOS and here for Android....

analysis-|-lvmh-isn’t-feeling-the-pain of-war,-lockdown-and inflation-yet

Analysis | LVMH Isn’t Feeling The Pain of War, Lockdown And Inflation Yet

by Duong
April 13, 2022
0

LVMH Moet Hennessy Louis Vuitton SE has kicked off the luxury reporting season in style.On Tuesday, the company said that its fashion and leather goods division recorded a 30% increase in sales excluding currency movements and mergers and acquisitions in the three months to Mar. 31. Analysts had expected a 23% gain.Although the shares...

what-jobs-crisis?-top-chinese-regulator-says-tech-is-booming

What Jobs Crisis? Top Chinese Regulator Says Tech Is Booming

by NewsReporter
April 11, 2022
0

Hong Kong (CNN Business)One of the regulators behind China's dramatic crackdown on private enterprise has tried to quell growing concerns about the impact on employment, saying the country's biggest tech companies have added nearly 80,000 jobs since July and are "full of confidence."In a rare, direct response by a top...

jeff-bezos'-former-assistant-has-a-3-stage-process-for-securing-a-promotion-the-first-step-involves-finding-a-way-to-solve-your-manager's-problems.

Jeff Bezos' Former Assistant Has A 3 Stage-Process For Securing A Promotion. The First Step Involves Finding A Way To Solve Your Manager's Problems.

by Duong
April 10, 2022
0

To get promoted, find a way to solve your manager's problems, set goals, and stay relevant. That's the advice of Ann Hiatt, who worked for Jeff Bezos and former Google CEO Eric Schmidt. As a starting point, ask 'what do I want to learn next in my career?,'" Hiatt told...

Massachusetts Digital News

© 2021 Massachusetts Digital News

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Massachusetts Digital News

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT