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Asia-Pacific in positive territory as investors continued to monitor recession concerns;

by Euro Times
June 23, 2022
in Business
Reading Time: 2 mins read
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Japan +0.01%. Japan preliminary Jibun PMIs for June. Manufacturing 52.7 (prior 52.3).

China +0.71%.

Hong Kong +1.10%

Australia +0.32%. Austalia preliminary PMIs for June. Manufacturing 55.8 (prior 55.7).

“Recession or exhausting touchdown fears have taken a firmer maintain on most markets previously 24 hours,” Ray Attrill, head of FX technique at Nationwide Australia Financial institution, wrote in a word.

India +1.06%.

In a single day on Wall Road, Dow Jones fell -47.12 factors or -0.15% at 30483.14, S&P 500 fell -4.9 factors or -0.13% at 3759.90, whereas Nasdaq fell -16.21 factors or -0.15% at 11053.09.

Singapore is ready to launch its inflation knowledge on Thursday.

Oil costs fell 2% in early commerce on Thursday, extending losses from the day before today, as traders apprehensive that aggressive U.S. rate of interest hikes may set off a recession and dent gas demand.

U.S. West Texas Intermediate (WTI) crude futures fell $2.39, or 2.3%, to $103.80 a barrel by 0031 GMT. Brent crude futures dropped $2.24, or 2.0%, to $109.50 a barrel.

Gold costs inched decrease on Thursday, pressured by expectations of aggressive rate of interest hikes after the U.S. Federal Reserve chief doubled down on the central financial institution’s struggle towards inflation.

Spot gold was down 0.2% at $1,832.91 per ounce by 0239 GMT. U.S. gold futures fell 0.2% to $1,834.30.

Spot silver dipped 0.5% to $21.28 per ounce, platinum fell 0.3% to $923.62, and palladium was flat at $1,864.18.

U.S. futures decrease. Dow Jones -0.09%; S&P 500 -0.10%; Nasdaq -0.01%.



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Tags: AsiaPacificconcernsContinuedInvestorsmonitorPositiveRecessionterritory
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