Inflation prices from stocks to bonds continue to be seen in global markets. Chinese stock markets lead the sales as losses spread across Asia-Pacific Stock Exchanges.
US futures are also giving a negative opening signal in the morning.
The US 10-year yield rose seven basis points to 2.77 percent, while the Australian 10-year yield rose five basis points to exceed 3 percent. The Dollar Index is up 0.2 percent.
Oil prices are falling. WTI crude oil decreased by 2.3 percent to $ 96, while Brent oil also fell by the same amount, finding buyers just above $ 100.
Scissors that market actors pay attention to
The rise in oil prices raises producer prices in China, the world's largest oil customer, while increasing Kovid cases keep their pressure on consumer prices.
According to the data of the China Statistical Institute, the producer price index in the country increased by 8.3 percent annually. The Bloomberg survey had expected an 8.1 percent increase.
The annual increase in consumer prices, on the other hand, was 1.5 percent, above the economist's expectation of 1.4 percent.
China 10-year bond yield after inflation data, US 10-year yield for the first time since 2010
remained under. In the face of the Fed's entry into a tightening path, China's preference to continue its loose monetary policy is effective in turning the yield spread to negative.
The People's Bank of China is expected to reduce the 1-year lending rate, which is the benchmark borrowing cost, from 2.85% to 2.75% this week, in the shadow of the Covid-19 lockdowns.
Comments
No comment yet.