The shares are taking off and the bonds are increasing due to poor US data
Asian stocks have dropped after a new decline in US consumer confidence, which has expressed concern about the power of the world’s largest economy, while US Treasury bonds have decreased ten years. The Asian stock index fell for the third day in a row, while the shares in Hong Kong were freed on Tuesday after a broad sales of technology shares. The Japanese yen has established in more than four months near its highest level, supported by the increasing demand for safe harbor assets and the expectations of the bank of Japan to increase interest. Wall Street -Press has closed the S&P 500 index at its lowest level in five weeks after the US consumer confidence scored its biggest decline since August 2021 amid concerns about economic expectations. The disappointing data came after a weakness in retail sales indicators, services and housing, which merchants asked to raise their bets to reduce the interest of the Federal Reserve this year, despite the continued inflationary pressure. “The dominant issue is the increasing doubt about the power of the US economy,” says Alfien Tan, head of the Asian currency strategy at RPC Capital Markets. Trump confuses world markets, US President Donald Trump’s announcement on improving the economic connection between the United States and China, has led to the disturbance of global investors, who bet on a sustainable recovery of Chinese stocks. The yield on US Treasury bonds dropped by a base point for ten years, after filling 11 basis points the night before to reach its lowest level since the middle of the December. This affected the revenue of Australian and Japanese bonds that dropped during the early Wednesday’s trading, while monetary markets are more than two discounts for the benefit of the Federal Reserve in 2025. The Bloomberg index of the dollar fell 0.1%. Other goods and markets have risen buyers after Trump signed an executive order ordered the US Department of Trade to study the imposition of customs duties on the metal. Investors are preparing for inflation data this week, as the basic personal consumer expenditure index – the federal preferred scale – will register the federal growth since June. The markets are also awaiting the results of the “Nvidia” business on Wednesday, which is an important benchmark for the wealth of artificial intelligence. The anticipation came at a time when US stocks were technically and methodologically fascinated, urging Nvidia to fall by 2.8%. Oil prices in New York have stabilized after dropping to the $ 60 a barrel, amid gloomy economic expectations that threaten energy demand. Gold has fallen, while continuing to form a decrease in early Wednesday trading, expanding the losses over the past night to 6%.