Central Bank Hawks Spook Bonds, Tech Untroubled

Central bank hawks spook bonds, tech untroubled

A look at the day ahead in European and global markets from Stella Qiu Jerome Powell’s parting gift as Fed Chair was a proper hawkish tilt – the U.S. central bank held interest rates steady but in the most divided vote since 1992 three ​regional presidents dissented over phrasing that pointed to an “easing bias”, saying such language was ‌no longer appropriate given elevated inflation and the massive uncertainty about oil prices as a result of t…

Asian shares fall as Brent hits 4-year high; bonds battered by central bank hawks

New Delhi: Asian markets declined on Thursday as oil prices surged to four-year highs amid concerns that the US could launch further strikes against Iran. Positive earnings from major technology firms offered only limited support to investor sentiment ahead of results from Apple. European markets are expected to open lower, with regional stock futures down 0.8%. Investors are cautious as the European Central Bank and Bank of England may signal t…

Tech shares rise in Asia, bonds scarred by central bank hawks

South Korea’s Kospi hit another record high as Samsung Electronics said operating profit jumped eightfold on strong AI demand. (EPA Images pic) SYDNEY: AI-related shares fared well in Asia on Thursday after a raft of generally positive earnings reports, while surging oil prices left bonds battered as central banks turned more hawkish on inflation and interest rates. Investors feared the European Central Bank and Bank of England would likely warn…