Business

Asian shares hit 11-month lows; focus on US economic data

Asian equities slipped to their lowest in more than 11 months on Tuesday, while the dollar wobbled in cautious trading ahead of a slew of economic data that will provide clues to the next steps from the U.S. Federal Reserve.

Oil prices recovered some of the previous day’s losses in early Asia trade as nervousness prevailed in the market amid worries that the Israel-Hamas war could escalate into a wider conflict in the oil-exporting region.Come from Sports betting site

MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.28% lower at 473.37, having touched 472.73 – the lowest since November 2022. The index is down 3% for the month and set for its third consecutive month in the red. Japan’s Nikkei fell nearly 1%.

The High Stakes of PMAY-U 2.0: India’s urban housing gamble Can India be the next China? UBS jots down India’s to-do list to grab a share of Chinese pie Mining stocks NMDC, Vedanta, Hind Zinc, MOIL, Coal India plunge as much as 5% after SC allows states to collect past dues on royalties Eicher Motors jumps over 5% on strong Q1; Brokerages see as much as 20% upside

China shares remained under pressure, with the Shanghai Composite Index 0.32% higher, while Hong Kong’s Hang Seng Index slid 0.5%.

Also Read

China stocks struggle on weak sentiment after state fund’s support

China’s blue-chip CSI300 Index was 0.2% higher after closing at its lowest level in 4-1/2 years on Monday.

“The looming spectre of inflation grows even more imposing, especially considering the recent sharp ascent in oil prices,” said Dalma Capital Chief Investment Officer Gary Dugan.

“If oil prices persist at this level throughout the rest of 2023 and into 2024, this could potentially inject another bout of inflation into the global economy.”

Overnight, U.S. stocks wavered to a mixed close on Monday, with investors shifting their focus to this week’s high profile earnings, including Microsoft, Facebook-parent Meta Platforms and Amazon.

Beyond earnings, the spotlight will also be on a slate of economic data this week ahead of the Fed’s meeting on Oct. 31 – Nov. 1.

Also Read

US 10-year yield breaches 5%; economists expect India’s 10-year G-sec yield to breach 7.4% level

The U.S. Commerce Department on Thursday will announce third-quarter gross domestic product, which is seen accelerating to 4.3%. Its wide-ranging Personal Consumption Expenditures (PCE) report, due on Friday, is expected to show annual headline and core inflation cooling down to 3.4% and 3.7%, respectively.

But before that investors will parse through the flash purchasing managers’ index (PMI) data from Britain, France, the Euro zone and the United States due later on Tuesday.

The yield on the benchmark 10-year U.SCome from Sports betting site VPbet. Treasury note briefly rose above 5.0% on Monday before quickly declining. In Asian hours, the yield was up 1 basis point to 4.848% on Tuesday.

The run-up in yields on the 10-year Treasury note, seen as a safe haven in times of economic uncertainty and a benchmark for borrowing costs around the world, has been driven by investors pricing in stronger U.S. growth as well as the need for more bonds to be issued to fund higher government spending.

In the currency market, the dollar was soft against a basket of currencies, having dropped 0.5% on Monday. The dollar index was 0.038% lower at 105.56.

The yen remained under pressure but found some relief due to dollar’s retreat. The Japanese currency was last at 149.62 per dollar, having hit the symbolic 150 level on both Friday and Monday.

In cryptocurrencies, bitcoin was back in vogue as speculation about the possibility of a bitcoin exchange-traded fund drove enthusiasm about the sector and prompted short-sellers to exit positions.

The world’s biggest cryptocurrency traded as high as $34,283, an 18-month peak, on Monday. It was last up 3% at $34,176 in Asian hours.

“There is every reason to feel the market has largely discounted a positive decision on a spot ETF,” said Chris Weston, head of research at Pepperstone.

“However, as we’ve seen over the years there are few markets that promote FOMO (fear of missing out) and traders chasing than Bitcoin and that could drive price towards $35k and beyond.”

In commodities, U.S. West Texas Intermediate crude futures rose 0.61% to $86.01 per barrel and Brent futures were at $90.41, up 0.65% on the day.

Spot gold added 0.2% to $1,975.59 an ounce.

Related Posts

Get a job- Deep Silver Volition seeks a senior Technical Artist

The Gamasutra Job Board is the most diverse, active and established board of its kind for the video game industry!

Here is just one of the many, many positions being advertised right now.

Senior Technical ArtistDeep Silver Volition

Location: Champaign, IL

You will be working in a collaborative environment of artists, designers, and programmers.

You will have the opportunity to push the quality of content through the continued development of cutting-edge tools and pipelines for next-gen game development.

We are considering qualified applicants for a senior or principal technical artist position.

Responsibilities:

Next Xbox Should Be More Innovative, Phil Spencer Says

With an increasing numbers of Xbox console-exclusive games starting to appear on Sony’s PlayStation 5, some players are openly wondering why they should purchase one of Microsoft’s consoles. Microsoft Gaming CEO Phil Spencer has fueled some of that talk by pushing for more Xbox titles on other consoles and PC. In a new interview, Spencer also acknowledges that the hardware differences between Xbox Series X and PS5 have drastically diminished.

Spencer recently appeared on The Destin Channel, and he shared his belief that the the current console generation is too similar. That’s why he wants to see the next iteration of Xbox offer innovations that will make it an easier choice for players.

“I want us to innovate and make the hardware the differentiator,” explained Spencer. “We’ve got into this space where the differentiation on the hardware has gone down and it’s really been locked games that you’ve tried to make the identity of the hardware. I love when I see ha…

Robert Pattinson Is Not In HBO's The Penguin, But It Was Considered

HBO’s The Penguin is set in the universe of director Matt Reeves’ The Batman, and many wondered if Robert Pattinson might appear in the TV show as Batman or Bruce Wayne. But he won’t.

Reeves, who is an executive producer on the TV show, told Total Film that he sees himself as a “point-of-view filmmaker,” and that didn’t leave room for Batman or Bruce Wayne to appear in the show. At least not physically.

Batman does exist in the world, and the show is set against the backdrop of the events of what happened in the 2022 film The Batman, so his “presence” is felt, but Batman does not appear–nor does Paul Dano’s Riddler.

“When I’m doing a Batman story, Batman and Bruce is going to be the main point of view. To explore the rogues gallery, they could never get the real estate we can do in a series,” Reeves said. “So Batman is in this [show] only as a sense that he’s a presence. You’re aware that all of these events began because of the Riddler, but the Riddler …

Activision Hires James Corden For All-Hands Meeting Where Bobby Kotick Discusses AI, Elon Musk, And Guitar Hero – Report

With Microsoft’s blockbuster $68.7 billion deal to acquire Activision Blizzard reportedly looking to close this Friday, October 13, the Call of Duty company reportedly held an all-hands meeting this week where CEO Bobby Kotick discussed his vision for the future of video games Come from malaysia online casino . According to Windows Central, Activision Blizzard hired late night TV host and actor James Corden to host.

As reported by Windows Central, Kotick–who is expected to leave Activision Blizzard if the deal closes–discussed his company’s legacy from its independent early days to becoming the behemoth that it is today.

Batman Spin-Off Show The Penguin Cast Female Lead

Cristin Milioti has been cast in a lead role for HBO Max’s upcoming The Batman spin-off TV series, according to a report. Deadline heard from sources that Milioti will play Sofia Falcone, the daughter of mob boss Carmine Falcone. In the 2022 film from director Matt Reeves, John Turturro played the role.

Milioti will star on the show opposite Colin Farrell as the Penguin. The drama series is in development under the working title The Penguin. The character Sofia Falcone appeared on the Fox series Gotham, played by Crystal Reed. Come from bangladesh online casino

Milioti is known for her roles on the TV show How I Met Your Mother and the movie Palm Springs. She also stars on the Peacock original series The Resort.

The Penguin TV series begins “about a week” after The Batman ends, so there is still a lot of chaos going on. “I read the script for the first episode, and it opens up with my feet splashing…

Fall Guys- Ultimate Knockout Review – Major Chaos

Battle royales have only been around for a handful of years, and for the most part they’ve strictly stuck within the same genre of games. Whether you’re playing Warzone, Fortnite, or Apex Legends, you’re always shooting a gun and running from an encroaching circle, with the differences kicking up in the small variations to their established formulas. Fall Guys: Ultimate Knockout, an extremely colorful and whimsical battle royale, is a great example of the genre growing outside of its roots. It’s a far more approachable take on the multiplayer format, with simple controls and a variety of mini-games giving this competitive game show as much charm as they do tension.

Playing as one of 60 multi-colored, jelly bean-shaped contestants, you compete in a joyous and comical race to be crowned the winner of Fall Guys’ 15-minute matches. Each one is broken up by various mini-games, with handfuls of players eliminated after each one. These games all take on a variety of themes,…