Europe shaken by Kovid affairs, inflation fears and Sino-US tensions – markets in a minute

Europe shaken by Kovid affairs, inflation fears and Sino-US tensions - markets in a minute

There is a worry about inflation return and Sino-US tension

There are many reasons for concern that turn into a red spot, in Asian stock markets and in the West. On the one hand, the Treasury does not calm the rise in interest rates, and inflation expectations accompany the movement. On the other hand, the tensions that appear between the two largest economies in the world also hamper optimism.

Fed President Jerome Powell relaxed markets on Wednesday, saying that interest rates should remain close to zero during the Kovid-19’s healthy economy, but the Treasury’s interest rates have continued to rise and for the first time since January 2020 at 1, 75 % Has been reached. Inflation expectations are at multi-year highs.

The high-level dialogue between the United States and China that took place from Biden’s office is still shaking, with many criticisms about human rights, trade, cybersecurity, and international alliances, taking into account broader issues .

As a result, the Chinese CSI 300 slipped 2.6%, with Hong Kong’s Hang Seng in hand, which fell 2.2%. Japanese Nikkei fell 1.4% and Australian S&P / ASX 200 fell 0.6%. Promises from the United States and Europe are also in red.

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Sarah Gracie

About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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