View full page at metalsmine.com

 

Morning bid: Fragile FX, tech swoon cloud sentiment

From finance.yahoo.com

Asian markets on Monday will be hoping to bounce back from one of the most bruising weeks this year, but that won't be easy given the hawkish tone of recent Fed comments, heightened Middle East tensions and deepening weakness in tech stocks. Wall Street fell sharply on Friday with the S&P 500 sealing its longest losing streak since October 2022 and tech darling Nvidia's 10% plunge dragging down the Nasdaq, while demand for safe-haven Treasuries, gold and the Swiss franc rose. While there was no escalation in the Iran-Israel conflagration over the weekend, investors are cautious. The MSCI Asia ex-Japan equity ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis