Stocks and bonds in Asia were set to decline Thursday, tracking Wall Street losses as an oil rally and stronger-than-expected US economic data fueled inflation concerns and bets on further interest-rate hikes. The yen, near a three-week low, will be in focus as Japanese markets reopen.
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Stocks and bonds in Asia were set to decline Thursday, tracking Wall Street losses as an oil rally and stronger-than-expected US economic data fueled inflation concerns and bets on further interest-rate hikes. The yen, near a three-week low, will be in focus as Japanese markets reopen.
Asian bonds and stocks were set for further losses Friday as elevated oil prices fueled inflation concerns, driving long-term Treasury yields to multi-decade highs and raising the prospect of further Federal Reserve rate hikes.