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Asia shares drop, Treasury yields near high as markets brace for aggressive U.S. rate rises
[Reuters] - Asian shares joined Wall Street and Europe in surrendering some recent gains on Friday, retreating on the possibility of faster-than-expected U.S. interest rate increases that boosted 10-year U.S. Treasury yields to an 18-month high overnight. Investors in Europe remain nervous ahead of a constitutional referendum in Italy and a presidential election in Austria this weekend. Investors will be looking to the U.S. non-farm payrolls report later in the day for further evidence of improvement in the economy, after data showed factory activity accelerating in November and construction spending at a seven-month high in October.
Asia shares drop, Treasury yields near high as markets brace for aggressive U.S. rate rises - Yahoo Finance
[Reuters] - Asian shares joined Wall Street and Europe in surrendering some recent gains on Friday, retreating on the possibility of faster-than-expected U.S. interest rate increases that boosted 10-year U.S. Treasury yields to an 18-month high overnight. Investors in Europe remain nervous ahead of a constitutional referendum in Italy and a presidential election in Austria this weekend. Investors will be looking to the U.S. non-farm payrolls report later in the day for further evidence of improvement in the economy, after data showed factory activity accelerating in November and construction spending at a seven-month high in October.
Asia shares drop, Treasury yields near high as markets brace for aggressive U.S. rate rises - Yahoo Finance
