Asia marketplaces tumble even further as Fed hints at increased rates

Asia marketplaces tumble even further as Fed hints at increased rates


Eschcollection | Digitalvision | Getty Pictures

Asia-Pacific marketplaces extended their losses on Thursday after the U.S. Federal Reserve’s July minutes confirmed inflation problems lingered, which could lead to far more fee hikes.

“With inflation however very well previously mentioned the Committee’s extended-operate target and the labor current market remaining restricted, most members ongoing to see important upside risks to inflation, which could need further more tightening of monetary plan,” the assembly summary said.

The Federal Cash price at the moment stands at 5.25% to 5.5%, the maximum in 22 several years.

In Australia, the S&P/ASX 200 opened down .15%, in advance of its unemployment amount for July.

Japan’s Nikkei 225 slid .45% and the Topic was .38% reduced, as the country observed its trade harmony slip into a deficit in July from a surplus in June.

South Korea’ Kospi was down .70%, though the Kosdaq slipped .6%.

Futures for Hong Kong’s Cling Seng index stood at 18,064, pointing to a weaker open as opposed to the HSI’s near of 18,329.3.

Overnight in the U.S., all three big indexes notched a next straight losing session as the Dow Jones Industrial Average dropped .52%, although the S&P 500 dipped .76%. Meanwhile, the Nasdaq Composite saw the most significant reduction, falling 1.15%.

— CNBC’s Hakyung Kim and Alex Harring contributed to this report



Source

Engineer caught juggling multiple startup jobs is a cautionary tale of ‘extreme’ hustle culture, experts say
World

Engineer caught juggling multiple startup jobs is a cautionary tale of ‘extreme’ hustle culture, experts say

An engineer working on computer. Master | Moment | Getty Images The tech industry is reeling after a software engineer was exposed as working at several Silicon Valley startups at the same time — and experts say it’s a lesson on hustle culture gone too far. Soham Parekh, a software engineer from Mumbai, went viral […]

Read More
From AI disruption to scaling up: Check out CNBC’s highlights from VivaTech
World

From AI disruption to scaling up: Check out CNBC’s highlights from VivaTech

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Karen Tso presents highlights from CNBC’s coverage at VivaTech in Paris where conversations with executives were focused on AI, scaling up and whether Europe can compete with the United States and China when it comes to tech innovation. Source

Read More
London IPO fundraising hits a three-decade low in another blow to the UK capital
World

London IPO fundraising hits a three-decade low in another blow to the UK capital

City of London skyline with 20 Fenchurch Street, affectionately nicknamed the Walkie Talkie, in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Fundraising from London IPOs slumped to at least a three-decade low in the first half of this year, new data showed on Friday – raising fresh questions about the fading […]

Read More