World stocks rallied on Monday to their highest levels since mid-December after China reopened its borders while benchmark Treasury yields drifted lower as investors scaled back expectations for further rate hikes by the Federal Reserve. | Reuters
A soft landing is the ideal Fed policy goal after raising interest rates, a situation in which inflation slows but there are not enough job losses to trigger a recession.
On Wall Street, the Dow Jones Industrial Average fell 112.96 points, or 0.34 percent , to 33,517.65, the S&P 500 lost 2.99 points, or 0.08 percent , to 3,892.09 and the Nasdaq Composite added 66.36 points, or 0.63 percent , to 10,635.65. Money markets were pricing in a 25 percent chance of a half-point U.S. rate hike in February, down from around 50 percent a month ago. Investors will look to Thursday’s CPI data for further clues as to the Fed’s next move.
In bond markets, European government bond yields rose in a reversal after the previous weeks’ sharp falls. Germany’s benchmark 10-year government bond yield was up 4 basis points at 2.252 percent .The yield on 10-year Treasury notes was down 4.1 basis points to 3.530 percent . Bond yields move in the opposite direction of prices.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World food prices hit record high in 2022 despite December fall - BusinessWorld OnlinePARIS — World food prices eased in December, marking the ninth consecutive monthly fall, but gained more than 14% in 2022 compared to the previous year, to reach the highest since records began, the UN food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the […]
Read more »
RESULTS: December 2022 Radiologic and X-Ray Technologist Licensure ExaminationPRESS RELEASE: Congratulations to the passers!
Read more »
PSA: Ilocos Region inflation rose to 8.2% in DecemberThe inflation rate in Ilocos region soared to 8.2 percent in December 2022, with basic necessities including food, non-alcoholic beverages, transport, and health contributing to the acceleration, according to the latest report of the regional PSA.
Read more »
GIR climbed to 4-month high of $96b in DecemberThe gross international reserves, which mirror the country’s external strength, climbed to a four-month high of $96 billion in December, supported by strong remittance inflows during the holiday season, data from the Bangko Sentral ng Pilipinas-- READ:
Read more »