SYDNEY: Asian shares slipped on Monday (Feb 27) as markets were forced to price in ever-loftier peaks for US and European interest rates, slugging bonds globally and pushing the dollar to multi-week highs. Investors are braced for more challenging US data including the closely-watched ISM measures of manuf
SYDNEY: Asian shares slipped on Monday as markets were forced to price in ever-loftier peaks for US and European interest rates, slugging bonds globally and pushing the dollar to multi-week highs.
China has manufacturing surveys and the National People's Congress kicks off at the weekend and will see new economic policy targets and policies, as well as a reshuffling of government officials. Fed futures now have rates peaking around 5.42 per cent, implying at least three more hikes from the current 4.50 per cent to 4.75 per cent band. Markets have also nudged up the likely rate tops for the European Central Bank and the Bank of England.
Higher rates and yields stretch valuations for equities, especially those with high PE ratios and low dividend payouts, which includes much of the tech sector. With the earnings season almost over, around 69 per cent of earnings have surprised on the upside, compared to a historical average of 76 per cent, and annual earnings growth is running around -2 per cent.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prolific Al Duhail blocking Al Hilal's route to Asian finalSaudi Arabia's Al Hilal go into their sixth Asian Champions League semi-final in nine years on Sunday looking to find a way to silence Al Duhail's prolific strike force and keep alive their hopes of a record-extending fifth continental title.The defending champions squeezed past Iran's Foolad on Thursday
Read more »
Turn up your Asian vacation with nature-inclined tours in Japan, jazzy beach-side concerts & moreWith more and more countries opening their borders opened and “revenge travel” ij full force, your next trip in Asia will be anything but dull. Looking to spruce up the itinerary? Dive into azure waters, partake in nature and historical walks, swing to jazzy tunes by the beach, and kick back at stylish hotels after a day of exploring. Slow...
Read more »
Ighalo hits four as Al Hilal storm into Asian Champions League finalDefending champions Al Hilal crushed Qatar's Al Duhail 7-0 at Al Thumama Stadium in Doha on Sunday to secure their place in the final of the Asian Champions League and set up a third meeting in six years with Japan's Urawa Red Diamonds.Odion Ighalo scored four and Moussa Marega netted twice while Salem Al
Read more »
Going off the beaten track in Southeast Asia in 2023Travelling in the Asean region is a clear Singaporean favourite — but let's face it, it's always mainstream destinations like Bali and Phuket flooding your fyp on TikTok. Make it your New Year's resolution to explore some of the lesser-known yet totally enchanting places in Southeast Asia. Whether you're looking for a tranquil escapade, an adventure of a lifetime, or...
Read more »
Blinken eyes US inroads in Central Asia as Ukraine rattles nervesWASHINGTON: Secretary of State Antony Blinken is heading to Central Asia hoping that greater US engagement will reassure former Soviet republics rattled by the Ukraine war, although Russia's historic clout limits the extent of cooperation. Days after the
Read more »
Made-in-Indonesia video games based on local culture earn high scoresNarrative, artistic direction and elements of South-east Asian culture drive the games' popularity. Read more at straitstimes.com.
Read more »