The Straits Times
Asian markets started on a negative note, though some bounced back as the morning wore on.PHOTO: AFP
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Asian markets fluctuated on Wednesday after Treasury Secretary Janet Yellen’s suggestion that US interest rates might need to be hiked, as government spending measures fan inflation and the economy surges.
The comments appeared to be a deviation from the united front top officials have put up in trying to reassure investors that the Federal Reserve’s ultra-easy monetary policies will remain in place until the recovery is well on track.
Investors are also awaiting the release of data on private jobs creation later in the day, which will give clues about Friday’s key non-farm payrolls report, which in turn is closely watched for an idea about the state of the economic recovery.
Wednesday, 05 May 2021 06:11 PM MYT
In this file photo taken on February 05, 2021 US Secretary of the Treasury Janet Yellen listens while US President Joe Biden speaks about Covid-19 relief from the State Dining Room of the White House in Washington, DC. AFP pic
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HONG KONG, May 5 Asian markets mostly fell today after Treasury Secretary Janet Yellen’s suggestion that US interest rates might need to be hiked, as government spending measures fan inflation and the economy surges.
The comments appeared to be a deviation from the united front top officials have put up in trying to reassure investors that the Federal Reserve’s ultra-easy monetary policies will remain in place until the recovery is well on track.
Asia Stocks Struggle After Yellen Spooks Wall St, Eyes On US Jobs ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.