Asian shares slip, dollar reaches multi-week highs

News Image

By MG News | February 27, 2023 at 09:43 AM GMT+05:00

0:00

February 27, 2023 (MLN): Asian shares slipped on Monday as markets were forced to price in ever-loftier peaks for U.S. and European interest rates, slugging bonds globally and pushing the dollar to multi-week highs, as Reuters reported.

Investors are braced for more challenging U.S. data including the closely-watched ISM measures of manufacturing and services, the latter being especially important following January's unexpected spike in activity, it noted.

There are also at least six Federal Reserve policymakers on the speaking diary this week to offer a running commentary on the likelihood of further rate hikes, it added.

China has manufacturing surveys and the National People's Congress kicks off at the weekend and will see new economic policy targets and policies, as well as a reshuffling of government officials.

Copyright Mettis Link News 

Related News

Name Price/Vol %Chg/NChg
KSE100 132,892.21
71.42M
-0.38%
-510.98
ALLSHR 83,087.29
380.95M
-0.12%
-100.77
KSE30 40,431.09
26.26M
-0.54%
-220.37
KMI30 191,294.91
30.78M
-0.41%
-789.00
KMIALLSHR 55,768.82
188.93M
-0.14%
-78.87
BKTi 36,260.91
4.00M
-0.44%
-161.97
OGTi 28,309.05
6.08M
-0.45%
-128.56
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,240.00 109,545.00
108,625.00
25.00
0.02%
BRENT CRUDE 69.95 70.09
69.85
-0.20
-0.29%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.11 68.27
67.78
-0.22
-0.32%
SUGAR #11 WORLD 16.15 16.37
16.10
-0.13
-0.80%

Chart of the Day


Latest News
July 09, 2025 at 10:52 AM GMT+05:00

Saudi Riyal available at PKR 76.4 in open market


July 09, 2025 at 10:00 AM GMT+05:00

VIS reaffirms entity rating of Gatron (Industries) Ltd


July 09, 2025 at 09:45 AM GMT+05:00

PM emphasizes local resource use to boost exports



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg