A look at the day ahead in Asian markets from Jamie McGeever.
U.S. economic activity indicators on Tuesday accelerated the relentless march higher in U.S. interest rate expectations and confirmed that, for financial markets at least, good news is most definitely bad news.
and world stocks had their worst day this year after purchasing managers index data showed that the U.S. services sector is roaring back to life. Asian markets are likely to follow when they open on Wednesday.to bounce back above the 50.0 threshold between contraction and expansion, and the shockwaves were felt across all asset classes.
Stocks slumped, volatility and the dollar rose, the two-year Treasury yield neared November's post-2007 peak, the implied U.S. terminal rate rose to a new high of 5.36%, and a potential 50 basis point rate hike next month is coming on traders' radar.
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