• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION
Home Business

Stocks dip, currencies muted ahead of US inflation data

12 April 2022, 11:42 AM  |
Reuters Reuters |  @SABCNews
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City

Image: Reuters

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City

Emerging market shares fell on Tuesday, pressured by a rise in US bond yields ahead of March inflation data, while Sri Lankan bonds rose after the central bank temporarily suspended foreign debt payments to avoid a hard default.

Sovereign dollar bonds in crisis-hit Sri Lanka fell more than one cent after the central bank decided to divert its limited foreign reserves for imports of essential items such as fuel instead.

Better mechanisms for dealing with sovereign debt stress will be needed to stave off defaults in poor countries, the International Monetary Fund said on Monday.

Fitch on Tuesday warned Pakistan’s political volatility adds to external financing risk.

Pakistan bonds fell after Monday’s rally following the appointment of Shehbaz Sharif as prime minister. Stocks rose 0.1%, extending the previous session’s near 4% jump, while the currency jumped more than 1%.

Later on Tuesday, data is expected to show US consumer prices increased by the most in 16-1/2 years in March, serving as the latest prompt to strengthen the Federal Reserve’s hawkishness.

US Treasury yields hit 3-year highs, helping the dollar hold strong. Emerging market currencies made muted moves.

“With real yields heading higher, and the Fed now decisively turning hawkish… the scope for relative-value trades in EM FXis now looking diminished,” strategists at JPMorgan said in a note.

Share article
Previous Post

Residents in low-lying areas advised to seek shelter on higher grounds amid flooding in KZN

Next Post

Zuma still in hospital where doctors are treating him: Foundation

Related Posts

The logo of MTN is pictured in Abuja, Nigeria, September 11, 2018.

Naledi Pandor calls MTN, Ghana to resolve $773 mln tax dispute

28 January 2023, 3:29 PM
Workers disgruntled over low wages and changes to terms and conditions of employment, go on strike outside a Massmart Holdings owned Makro store in Johannesburg, South Africa, November 19, 2021.

Contingency plans in place at Makro stores amid wage strike

28 January 2023, 11:42 AM
[File photo] A worker harvests grapes at the Domaine Pinson vineyard in Chablis, France, September 21, 2021.

Grape farmers face more challenges amid rolling blackouts

28 January 2023, 8:21 AM
Eskom says stage 4 will be implemented in the evenings from 16:00pm until 05:00am over the weekend.

Eskom loadshedding at stage 3

27 January 2023, 11:05 PM
Electricity pylons are seen along the cooling tower of the defunct Orlando Power Station in Soweto.

More South Africans join calls for national state of disaster to address electricity crisis

27 January 2023, 9:01 PM
The union members will picket outside Makro stores across the country for ten days.

SACCAWU workers down tools at Makro stores nationwide

27 January 2023, 3:17 PM
Next Post
Former South African President Jacob Zuma

Zuma still in hospital where doctors are treating him: Foundation

Most Viewed

  • 24hrs
  • Week
  • Month
  • Scorcher predicted in Northern Cape for two weeks
  • Gas leak shut, isolated in Pretoria North
  • Residents shut down Komani over power woes
  • Limpopo man arrested after discovery of his wife’s body in water-filled pit toilet
  • ANC slams DA’s march to Luthuli House
  • Parts of the Northern Cape to be exempted from rolling blackouts
  • VIDEO | St Benedict College’s Matric learner gets 11 distinctions
  • Limpopo matriculant from child-headed household attains diploma pass
  • Female circumcision practice thriving in Eastern Cape
  • Premier denies claims that KZN government spent millions on Mampintsha’s funeral
  • Gas leak shut, isolated in Pretoria North
  • Limpopo man arrested after discovery of his wife’s body in water-filled pit toilet
  • EFF cuts ties with IFP in KwaZulu-Natal
  • Ramaphosa to announce an energy emergency package
  • KZN Shark Board bans bathing at beaches amid cyclone Cheneso

LATEST

Despite efforts by African states to curb this illegal practice, many gaps still enable trafficking and smuggling criminal networks to carry out this trade in human beings.
  • South Africa

South Africa is a source, transit and destination for human trafficking


[File Image]A child running away from the dark room.
  • South Africa

NPA applies for cancellation of Gerhard Ackerman’s bail


Jacob Zuma
  • South Africa

Decision on Judge Koen on recusal matter in case involving Zuma to be heard on Monday


Models present creations at the Gucci Fall/Winter 2023/2024 menswear show in Milan, Italy January 13, 2023.
  • Lifestyle

Gucci names De Sarno as creative director with the task of reviving the brand


People carry a banner reading " We are also teaching fighting" as school workers demonstrate for better salaries and working conditions, in Lisbon, Portugal January 28, 2023.
  • South Africa

Tens of thousands of teachers march in Lisbon to demand better pay and conditions


The Lebombo Border Post between South Africa and Mozambique.
  • South Africa

Stolen cars recovered near Mozambican border


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2022

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION

© 2022

Previous Residents in low-lying areas advised to seek shelter on higher grounds amid flooding in KZN
Next Zuma still in hospital where doctors are treating him: Foundation