2 Suspek Penyeludupan Berjaya Diberkas           >>           Convocation Festival 2022           >>           Convocation Festival 2022           >>           Daily Status On The COVID-19 New Normal           >>           Daily Status On The COVID-19 New Normal           >>           Doa Kesyukuran Ceremony           >>           Leadership Executive Programme           >>           Retired Officers And Staff Feted           >>           Hijrah New Year Celebration           >>           Doa Kesyukuran and Appreciation Ceremony           >>          





[email protected]



[email protected]



[email protected]



+673 222-0178 [Office Hour]

+673 223-6740 [Fax]


Upcoming Events

Prayer Times

The prayer times for Brunei-Muara and Temburong districts. For Tutong add 1 minute and for Belait add 3 minutes.


: 04:46AM


: 04:56AM


: 06:17AM


: 06:40AM


: 12:26PM


: 03:43PM


: 06:34PM


: 07:46PM


The Business Directory



World Business

  Home > World Business

Global Stocks Near Two-Month High; Crude Oil Rises: Markets Wrap


 August 5th, 2022  |  13:52 PM  |   171 views



Stocks in Asia climbed along with US equity futures on Friday, helped by gains in technology shares, and oil snapped a slide as investor sentiment steadied after another turbulent week.


An Asian equity index rose 0.7%, while S&P 500, Nasdaq 100 and European contracts posted modest gains. Taiwan recouped losses fueled by US House Speaker Nancy Pelosi’s visit, a jump that may have helped the wider mood.


The 10-year Treasury yield was steady at about 2.68% and the dollar edged up. The inversion between two-year and 10-year yields remained near the deepest since 2000, indicating worries about a recession as monetary policy tightens.


Cleveland Federal Reserve Bank President Loretta Mester reiterated Thursday the US central bank’s determination to quell inflation. Interest-rate hikes are fanning economic angst and sapping assets like oil, which snapped a slide but remained below $90 a barrel at levels last seen before Russia invaded Ukraine.


A global equity index is set for a third weekly advance and near a two-month peak in a recovery from bear-market lows, helped by resilient US company profits. The durability of the bounce remains in doubt as borrowing costs go up.


“It’s a little too early to say the risk is off the table,” Carol Schleif, deputy chief investment officer at BMO Family Office, said on Bloomberg Television. “Significant slowing” is starting to come in parts of the US economy, she said.


US payrolls Friday are the next key data point for markets. Hiring likely softened in July but the labor market remains consistent with an expanding rather than recessionary economy and the Fed will press on with rate hikes, according to Anna Wong, chief U.S. economist for Bloomberg Economics.


Separately, Democrats agreed on a revised version of their tax and climate bill, adding a new 1% excise tax on stock buybacks.


Investors are also monitoring the aftermath of Pelosi’s visit to Taiwan. China, which regards the self-ruled island as part of its territory, reportedly fired missiles over Taiwan during military drills -- a major escalation if confirmed.


In India, the central bank delivered its third straight rate increase since May in an effort to curb inflation and support the rupee. Bond yields and the currency rose.


This week’s MLIV Pulse survey is asking about your outlook for corporate bonds, mergers and acquisitions and health of US corporate balance sheets through the end of the year. It takes one minute to participate in the MLIV Pulse survey, so please click here to get involved anonymously.



courtesy of BLOOMBERG

by Tassia Sipahutar


If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]


Related News

Sabah Bersatu Wants To Contest Six Seats Won By Its Mps

 2022-08-11 10:59:59

China Says Taiwan Military Drills Are Over After Pelosi Visit

 2022-08-11 11:29:54

Australia’s Top Lender Loses Last Buy Rating On Cautious Outlook

 2022-08-11 11:59:10