Support our work with BTC: bc1qsf6k63carpdp9lpymnsc8ukfw7075yh5ddtl8f
XMR: 42WzsvZCEaLTqy5HSCH4KL1eE2W5vCZ9cbSKP45L8o9PDt3yPPaELbAGkBx3wCfGAbK3PRdUjK
MODERN POLITICS ๐บ๐ธ
tg-me.com/ModernPolitics
MODERN POLITICS ๐บ๐ธ Telegram | DID YOU KNOW?
The global forecast for the Asian markets is murky following recent volatility, with crude oil prices providing support in what has been an otherwise tough month. The European markets were down and the U.S. bourses were mixed and flat and the Asian markets figure to split the difference.The TSE finished modestly lower on Friday following losses from the financial shares and property stocks.For the day, the index sank 15.09 points or 0.49 percent to finish at 3,061.35 after trading between 3,057.84 and 3,089.78. Volume was 1.39 billion shares worth 1.30 billion Singapore dollars. There were 285 decliners and 184 gainers.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year. A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
MODERN POLITICS ๐บ๐ธ from MSSingapore SG telegram Group & telegram Channel 10
Telegram MODERN POLITICS ๐บ๐ธ
Created:
From: Singapore and USA
Telegram MODERN POLITICS ๐บ๐ธ, 546402 Telegram Group & Telegram Channel Singapore, SGTelegram MODERN POLITICS ๐บ๐ธ, 546402 Telegram Group & Telegram Channel, USA, US
https://t.me/ModernPolitics