net_left adver left

Asia shares, bonds find some relief in Fed messaging

Thursday, July 28, 2022
Asia shares, bonds find some relief in Fed messaging © Reuters. FILE PHOTO: People pass by an electronic screen showing Japan's Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato

By Wayne Cole

SYDNEY (Reuters) - Asian shares made cautious gains on Thursday as investors scented a possible slowdown in the pace of U.S. rate hikes, lowering bond yields and restraining the dollar.

As expected, the U.S. Federal Reserve raised rates 75 basis points to 2.25-2.5% but did note some softening in recent data.

Fed Chair Jerome Powell sounded suitably hawkish on curbing inflation in his news conference, but also dropped guidance on the size of the next rate rise and noted that "at some point" it would be appropriate to slow down. [

"The Fed no longer feel behind the curve and can now assess the appropriateness of policy 'meeting by meeting'," said Elliot Clarke, a senior economist at Westpac.

"This is not to say that the rate-hike cycle is complete or even that a pause is coming, but risks look as though they are transitioning from being skewed to the upside to the downside."

The futures market still has 100 basis points of further tightening priced in by year-end, but also implies around 50 basis points of rate cuts over 2023.

Just the hint of a less aggressive Fed was enough to send MSCI's broadest index of Asia-Pacific shares outside Japan up 0.5%. Japan's Nikkei added 0.7% and South Korea 0.8%.

Yet shares of several major U.S. tech companies, including Meta Platforms, also slid after hours as poor quarterly results and outlooks underscored recession fears.

That saw Nasdaq futures dip 0.4%, having enjoyed their biggest daily gain since April 2020 on Wednesday, while S&P 500 futures eased 0.2%.

Attention now switches to data on U.S. gross domestic product for the second quarter where another negative reading would meet the technical definition of a recession, though the United States has its own method of deciding those.

Median forecasts are for growth of 0.5%, but the closely-watched Atlanta Fed estimate of GDP is for a fall of 1.2%.

EURO STILL LACKS ENERGY

In bond markets, two-year Treasury yields steadied at 2.990% after falling 6 basis points in the wake of the Fed meeting. [US/]

Although the yield curve steepened slightly, most of it remained inverted in a sign investors believe policy tightening will lead to an economic downturn and lower inflation.

"While central banks are still on track to continue tightening this year, it is increasingly likely that the most rapid pace of rate hikes may be behind us," said analysts at JPMorgan (NYSE:JPM) in a note.

"Falling commodity prices, notably excluding European natural gas, should offer some inflation relief, and the global economy outside of China is losing momentum."

In currencies, the dollar index held at 106.360 after losing 0.7% overnight as risk sentiment improved. It dipped to 136.18 yen and away from its recent peak of 139.38.

The euro hovered around $1.0200, having bounced 0.9% overnight, but faces stiff resistance at $1.0278.

The single currency still has an energy crisis to contend with as the IMF warned a complete cut-off of Russian gas to Europe by year-end may lead to virtually zero economic growth next year.

Russia has delivered less gas to Europe this week and warned of further cuts to come, boosting prices for gas and oil globally.

U.S. crude added another 54 cents to $97.80 a barrel, having bounced 2.4% overnight, while Brent gained 32 cents to $106.94. [O/R]

Spot gold was 0.3% firmer at $1,738 an ounce, having benefited from the dip in the dollar and bond yields.[GOL/]

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
19-08-2022 14:51:48 (UTC+7)

EUR/USD

1.0093

+0.0005 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

EUR/USD

1.0093

+0.0005 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

GBP/USD

1.1916

-0.0014 (-0.12%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (7)

USD/JPY

136.57

+0.69 (+0.50%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6910

-0.0008 (-0.12%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

USD/CAD

1.2968

+0.0022 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (9)

EUR/JPY

137.84

+0.76 (+0.55%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

0.9665

+0.0013 (+0.13%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

Gold Futures

1,767.35

-3.85 (-0.22%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (9)

Sell (0)

Silver Futures

19.185

-0.279 (-1.43%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (2)

Copper Futures

3.6285

-0.0030 (-0.08%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

Crude Oil WTI Futures

89.81

-0.69 (-0.76%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

Brent Oil Futures

95.90

-0.69 (-0.71%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

Natural Gas Futures

9.096

-0.092 (-1.00%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (3)

US Coffee C Futures

214.80

-2.65 (-1.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Euro Stoxx 50

3,761.05

-16.33 (-0.43%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

S&P 500

4,283.74

+9.70 (+0.23%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (8)

DAX

13,629.18

-68.23 (-0.50%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

FTSE 100

7,539.60

-2.25 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

Hang Seng

19,763.50

-0.41 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,000.73

+13.41 (+0.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (2)

IBEX 35

8,388.55

-41.75 (-0.50%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (8)

BASF SE NA O.N.

43.300

-0.140 (-0.32%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

Bayer AG NA

53.51

-0.55 (-1.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Allianz SE VNA O.N.

177.26

-1.26 (-0.71%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (10)

Sell (0)

Adidas AG

166.28

-1.24 (-0.74%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Deutsche Lufthansa AG

6.410

-0.156 (-2.38%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Siemens AG Class N

109.69

-0.57 (-0.52%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Deutsche Bank AG

8.676

-0.192 (-2.17%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

 EUR/USD1.0093↑ Buy
 GBP/USD1.1916Sell
 USD/JPY136.57↑ Buy
 AUD/USD0.6910Sell
 USD/CAD1.2968↑ Sell
 EUR/JPY137.84↑ Buy
 EUR/CHF0.9665Sell
 Gold1,767.35↑ Buy
 Silver19.185Neutral
 Copper3.6285↑ Buy
 Crude Oil WTI89.81↑ Buy
 Brent Oil95.90↑ Buy
 Natural Gas9.096↑ Buy
 US Coffee C214.80↑ Sell
 Euro Stoxx 503,761.05↑ Sell
 S&P 5004,283.74Sell
 DAX13,629.18↑ Sell
 FTSE 1007,539.60↑ Buy
 Hang Seng19,763.50↑ Buy
 Small Cap 20002,000.73↑ Buy
 IBEX 358,388.55↑ Sell
 BASF43.300↑ Sell
 Bayer53.51↑ Sell
 Allianz177.26↑ Buy
 Adidas166.28↑ Sell
 Lufthansa6.410↑ Sell
 Siemens AG109.69↑ Sell
 Deutsche Bank AG8.676↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,590/ 6,690
(-10/ -10) # 1,716
SJC HCM6,620/ 6,720
(0/ 0) # 1,744
SJC Hanoi6,620/ 6,722
(0/ 0) # 1,746
SJC Danang6,620/ 6,722
(0/ 0) # 1,746
SJC Nhatrang6,620/ 6,722
(0/ 0) # 1,746
SJC Cantho6,620/ 6,722
(0/ 0) # 1,746
Cập nhật 19-08-2022 14:51:50
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,753.77-4.8-0.27%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI$89.86+0.040.05%
Brent$95.93-0.32-0.33%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.235,0023.545,00
EUR22.981,7524.268,73
GBP27.175,3928.334,31
JPY167,13176,93
KRW15,2618,59
Cập nhật lúc 14:49:07 19/08/2022
Xem bảng tỷ giá hối đoái
adver main right