▲ Up
 akipress
10:11 24-02-2019
АКИpress CA-News Tazabek Turmush
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
akipress
Bonds fear fading stimulus, China shares at one-month top
World | business | 12:00, 24 July 2018 | 645

AKIPRESS.COM - Global bond markets were tense on Tuesday amid talk of central bank tightening and the risk of a robust reading on U.S. economic growth later in the week, though stellar results from internet giant Alphabet supported tech stocks in Asia, Reuters reports.

Shares in the parent of Google climbed 3.6 percent after hours to hit a record high, valuing the group at a cool $870 billion.

That made up for an otherwise dull day on Wall Street where the Dow eased 0.06 percent, while the S&P 500 gained 0.18 percent and the Nasdaq 0.28 percent.

In Asia, Shanghai shares seemed to get a boost from news Beijing would adopt a more “vigorous” fiscal policy, including company tax cuts.

Chinese blue chips rose 1.6 percent to a one-month high, while MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.47 percent.

Japan’s Nikkei edged up 0.5 percent even as a disappointing reading on local factory activity suggested the threat of a trade war was starting to bite.

Bond bulls were still smarting from speculation that the Bank of Japan is close to announcing measures to scale back its massive monetary stimulus, a risk that lifted long-term borrowing costs globally.

Markets were worried that Japanese investors would have less incentive to hunt offshore for yield, said ANZ economist Felicity Emmett.

“The 10 basis-point steepening in the Japanese yield curve is massive in the context of a market that rarely moves more than 1 basis point,” she added.

“It reflects a broader fear that central banks are reducing their purchases while U.S. bond supply is set to rise significantly.”

As a result, 10-year U.S. Treasury yields jumped to their highest in five weeks around 2.96 percent and were again nearing the psychological 3 percent bulwark.

LATEST NEWS
18:27 Foreign Minister Aidarbekov meets outgoing Ambassador of Russia18:21 Prime Ministers of Kyrgyzstan, Kazakhstan discuss ban on export of Kyrgyz agricultural products18:17 Foreign Minister Aidarbekov meets head of International Liaison Department of China’s Communist Party Central Committee18:06 Foreign Minister Aidarbekov, National People's Congress Foreign Affairs Committee Chairman discuss cooperation16:52 North Korea warns of food crisis, slashes rations by nearly half16:38 Trade of Kyrgyzstan with Turkey grows for $6.7 million in 201816:27 Central Asia’s largest solar power plant opened in Karaganda region16:20 Venezuelan refugees now number 3.4 million; humanitarian implications massive, UN warns16:16 France says it has killed top Al Qaeda commander in Sahel16:14 China, Netherlands, UK among major county investors of Kyrgyzstan16:01 Tajik opposition figure arrested after return from self-imposed exile, Netherlands confirms15:58 OSCE trains police officers to combat domestic violence in Kazakhstan15:55 World Bank recommends more proactive approach to Kyrgyz government to address market failures in food value chain15:49 Real GDP growth to accelerate slowly to 3.9% by 2020, World Bank says15:43 Real GDP growth of Kyrgyzstan slows to 3.1% in 201815:36 General Manager of Coca-Cola Turkmenistan reportedly committed suicide13:24 Delegation of Kyrgyzstan attends Kyrgyzstan-China business forum12:46 ISIS bride's father sues President Trump, Mike Pompeo over her citizenship to help bring her and 18-month-old son to United States11:56 Uzbekistan seeks $300 mln loan from Russia's Gazprombank for gas complex11:51 New oviraptorosaur species found in Mongolia
© AKIpress News Agency - 2001-2019. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06