Investing.com – Asia-Pacific shares face pullback at open. This is due to the increasing conflict between Israel and Gaza and US bond yields. Increasing, causing investors to feel uneasy
By 9:20 AM AEST (11:20 GMT), all indices were trading lower.
In the USA stocks fell broadly overnight. This is because investors carefully study the company’s operating results. In addition to market tensions, long-term bond yields also reached their highest levels in 16 years, putting additional pressure on stocks affected by the conflict in the Middle East. US government bond yields rose to 4.902%, the highest closing level since July 2007, causing declines of 1.3%, 1% and 1.6%, respectively.
Concerns about the spread of war between Israel and Hamas in the Middle East led to a rise in oil prices, rising by 1.8% to $91.50 per barrel. This is the highest level this month. while Morgan Stanley (NYSE:) shares fell by 6.8% after the bank’s quarterly net income decline exposes the challenges facing the banking sector.
Airline stocks fell after United Airlines Holdings Inc (NASDAQ:) cut year-end earnings forecasts United Airlines stock fell 9.7%, the biggest single-day percentage decline since July 2022. Semiconductor stocks were also hit after the US restrictions. Exporting artificial intelligence chips makes it difficult for companies in the United States to sell products to the Chinese market.
On the contrary, Chinese economic data paint a mixed picture. Although it slowed in the last quarter, September exceeded expectations.
In the domestic bond market, Australian government bond yields rose to 4.25% and to 4.65%. Overseas, US notes rose, with guaranteed yields rising to 5.22% and grade rising to 4.91%.
It decreased by 0.5% while it increased by 0.4%
In Europe, stocks fell as investors suffered from the ongoing turmoil in the Middle East, and major indices declined, including the German and French European indices.
Today’s economic calendar includes: Australia and Japan, including central bank interest rate decisions and
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