17 Hrs
Source:
الخليج
Wall Street looks to escape return and inflation pressures
The article discusses the performance of global financial markets during the week, focusing on their response to the US jobs report results and expectations regarding Federal Reserve interest rate hikes. Data showed a decline in US employment opportunities, with only 29,000 jobs added in September—below expectations—and the unemployment rate rising to 4.2%. This led to decreased expectations of a rate hike, alongside a rise in US Treasury bond yields, particularly for the 10-year bond, which reached its highest level since 2002 at 5.273%. Inflation risks and strong economic data exerted pressure on equities, especially in Europe, which experienced declines due to rising energy costs, with inflation in the Eurozone increasing to 3.8%. In Asian markets, Japan saw a notable increase, while China faced downward pressure amid concerns over competitiveness and rising US bond yields. Oil prices were affected by market volatility, while gold declined due to the strengthening dollar and rising bond yields.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)