Mortgage rate soars after strong economic data
The average rate on the popular 30-year fixed mortgage hit 7.22%, according to Mortgage News Daily.
Source: cnbc.com
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Commodity currencies underperform on weaker risk appetite
Very strong US ADP payrolls and stronger ISM services report keep alive the probability of further Fed hikes; bond market selloff extends. NZ rates up to fresh multi-year highs as well, with more upside pressure likely today
Source: interest.co.nz
Asian Shares Fall On Hawkish Fed Minutes, U.S.-China Tensions
Asian stocks declined on Thursday, with hawkish Fed meeting minutes and lingering U.S.-China tensions keeping investors nervous. The dollar consolidated gains and Treasury yields rose after the Federal Reserve's June meeting minutes showed policymakers anticipate two more interest rate hikes in 2023 to bring inflation back down.
Source: rttnews.com
Sensex, Nifty end at new record closing highs
India Business News: Indian shares closed higher while other Asian and European markets experienced weakness due to concerns over an escalating Sino-US trade conflict and
Source: indiatimes.com
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Indian shares set for flat open on weak global cues; Fed minutes eyed
Indian shares opened lower on Wednesday amid caution due to concerns of escalating trade conflict between the United States and China, and as investors await the U.S. Federal Reserve's June monetary policy meeting minutes.
Source: reuters.com