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Stocks up as commodity slide offers a salve for inflation fears

Channel News Asia LogoChannel News Asia1w ago

Stocks up as commodity slide offers a salve for inflation fears

Quick Summary

SINGAPORE : Stocks and bonds were both headed for their first weekly gain in a month on Friday as investors wagered on central banks bringing inflation to heel, though growth fears dragged on commodities.

Gauges of factory activity in Japan, Britain, the euro zone and United States all softened in June, with U.S.producers reporting the first outright drop in new orders in two years in the face of slumping confidence.

"Second quarter earnings reports will send shockwaves to the market as the earnings outlook hasn’t deteriorated materially so far, and that will further build concerns of a recession," said Charu Chanana, market strategist at brokerage Saxo in Singapore.Pressed for time?


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Article Details

Category: Economy

Topics: Inflation Week Index Rose Mediacorp Japan Cent Prices Market Friday Weekly

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 10:23:15

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 4 minutes read

Article Length: 665 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 6847

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About Channel News Asia

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 23 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 7h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

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