Asian markets open lower after price data hits Wall Street

Asian markets open lower after price data hits Wall Street

Asian markets fell lower on Wednesday after Wall Street fell the most since June 2020 as a report showed inflation was keeping a surprisingly strong grip on the US economy. Tokyo’s benchmark Nikkei 225 lost 2.8% to 27,816.58 in early trading on Wednesday, while Sydney’s S&P/ASX 200 fell 2.5% to 6,834.80. In Seoul, the Kospi…

Liz Truss is venturing into uncharted waters – without the support of the Bank of England

Liz Truss is venturing into uncharted waters – without the support of the Bank of England

As well as the bank moving from a big buyer to a big seller, there are signs that foreign investors are less willing to hold the pound than they once were. The pound fell by more than the euro against the dollar. Bank of England data suggests overseas investors sold gilts in July at nearly…

Market players are beginning to fear a major policy mistake on the part of the central bank

Market players are beginning to fear a major policy mistake on the part of the central bank

A screen shows the Fed rate announcement as a trader works (inset) on the floor of the New York Stock Exchange (NYSE) in New York, June 15, 2022. Brendan McDermid | Reuters The US central bank struck a hawkish tone last week on fighting inflation through monetary policy, but analysts are concerned about the potential…

Canada’s housing market appears to be cooling.  Is this the right time to buy?  – National

Canada’s housing market appears to be cooling. Is this the right time to buy? – National

Home prices are falling in many parts Canada, but according to experts, there are important factors to consider before investing. Knowing what the mortgage rate is and how much the family will spend each month with the rising cost of living are some of the factors to consider before buying. propertythey say. The latest data…