(Bloomberg) Stocks looked poised to fall in Asia Friday on concerns over global growth and inflation risks from the war in Ukraine and the isolation of Russia’s economy. Oil’s rally eased but crude prices were volatile.
Asian markets tumbled Friday and crude bounced as news that Europe's biggest nuclear power plant was on fire after Russian shelling fuelled a flight to safety and ramped up fears about the Ukraine war. As Vladimir Putin's forces stepped up their invasion, Ukraine's foreign minister demanded an immediate ceasefire to avoid disaster at the Zaporizhzhia plant after its power unit
Stocks sink as atomic plant shelling adds to Ukraine fears borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.
Mirae Asset Global Investments will make a big play for the local exchange-traded fund market, confirming it will launch a suite of products before the end of the year.
Global Bond Rout Puts Australia’s Central Bank on Front Line
Bloomberg 2/25/2021 Michael Heath and Emily Barrett
(Bloomberg) Bond traders keep probing the limits of central banks’ patience, and nowhere is that clearer than in Australia, where policy makers are struggling to defend their yield target.
The Reserve Bank of Australia bought A$5 billion ($4 billion) of bonds Thursday, matching the record last March when it began quantitative easing. That eventually brought the targeted three-year yield down, but only after it hit a two-month high. A selloff that began in New Zealand also widened to Treasuries and Japanese debt, as the world’s sovereign bonds head for their worst month since April 2018.