U.S. Futures Fall, Asia Stocks Set for Choppy Open: Markets Wrap - BitcoinEthereumNews.com
KabuhayanUS Futures Fall, Asia Stocks Set for Choppy Open: Markets Wrap05 / 08 / 2022Balita ng Ethereum ng Bitcoin (Bloomberg) — U.S. equity futures retreated and stocks looked set for a choppy start Monday amid worries about high inflation and as investors await Chinese trade data that may show the economic toll of Covid lockdowns. Karamihan Basahin mula sa Bloomberg Contracts fell for Japan and Australia, while Hong Kong is shut for a holiday. Shares and bonds are coming off their fifth straight weekly drop, hampered by sharply tighter monetary policy and signs of a stagflation-like backdrop. Commodity-market disruption stemming from Russias war in Ukraine continues to sustain price pressures. In the latest developments, the Group of Seven most-industrialized countries pledged to ban the import of Russian oil. The European Union is working on a similar plan but Hungary remains a holdout and the blocs talks are set to continue. Oil fluctuated near $110 per barrel. Treasury yields, meanwhile, are in sight of levels last seen in 2018 and inflation data this week from the U.S. and elsewhere could drive bond-market swings. The dollar gained versus key peers in early trading in a sign of investor wariness. Growth, inflation and war risks are providing investors will little