The asian equities fell on Tuesday, while the fixed rent of the region rebounded, since the bankruptcy of the Silicon Valley Bank continued to affect the world markets.
He Japan Topix Index fell more than 3 percent, with banks and insurers taking the brunt, after the index KBW Bank registered on Monday its biggest drop since the start of the Covid-19 virus pandemic. The shares fell about 2 percent in Australia and South Korea. The shares fell about 2 percent in Australia and South Korea. The futures of Hong Kong they also went down.
He Japanese Topix Index fell 3. percent.
He Australia S&P/ASX 200 Index fell 2 percent.
Los Hong Kong Hang Seng futures they fell 0.3 percent.
He public debt yield at two years, sensitive to monetary politicsfell more than 20 basis points in New Zealandas well as the rate at three years of Australia. In Japanthe five-year yield fell to its lowest level since early December.
He treasury bond yield two-year bond rose around seven basis points in the first few operations in Asia, after its biggest one-day drop in decades on Monday. It posted the biggest three-day decline since Black Monday in October 1987.
Los global fixed income markets point to a slowdown in the World economywhich is not good for Asia”said John Vail, chief global markets strategist at Nikko Asset Management Co.
The recent upheaval of the markets has prompted a rapid reassessment of the policy direction of the Federal Reserve. The operators of swaps now value at less than 60% the possibility that the Federal Reserve up another quarter percentage point this month.
“A policy error is undoubtedly the higher market risk”, declared Mary Manning, global portfolio manager at Alphinity Investment Management, in Bloomberg Television.
“Control inflation but also address the fact that there is some instability in the banking system it’s hard”.
The economists of Goldman Sachs Groupas well as the asset managers of the world’s largest actively managed bond fund of Pacific Investment Management Co. they said the Fed could take a breather in the policy rate after the collapse of SVB. The Nomura economists went a step further and claimed that the Fed could cut its target rate next week.
Expectations had called for a rise of up to 50 basis points after the presidente Jerome Powell addressed lawmakers last Tuesday. Traders will soon turn their attention to the report of the US consumption price indexwhich could prompt new bets on the company’s next move. Fed.
He S&P 500 index closed 0.2 percent lower on Monday after swinging between gains and losses amid a slide in bank shares, while the Nasdaq, sensitive to monetary policy, rose 0.8 percent, the biggest gain in more than a week. The consequences of the bankruptcy of SVB led to President Joe Biden to promise stricter regulation of us lenderswhile reassuring depositors that their money was safe.
He Petroleum kept the losses ahead of the key inflation data, while the biggest US bank collapse since 2008 it continued to affect the financial markets.
