Asian stocks and US futures decrease as the Fed's outlook weighs on markets; crude and gold prices f

Stocks and US share futures both declined on Monday as a result of growing risks to the world economy's expansion, particularly the Federal Reserve's pledge to tighten monetary conditions to combat inflation.


Stocks and US share futures both declined on Monday as a result of growing risks to the world economy's expansion, particularly the Federal Reserve's pledge to tighten monetary conditions to combat inflation. Following the worst week for global shares since late June, losses for the Japanese, Australian, and South Korean stock exchanges were in the neighborhood of 1%. Additional indications of investor caution included losses in the S&P 500, Nasdaq 100, and European contracts, as well as a dollar measure that reached a more than one-month high.

Australian and New Zealand sovereign bonds fell, while the 10-year Treasury yield in the US increased to approximately 2.99%, continuing Friday's selloff. A surge in global shares from the bear market lows in June has started to decline as a result of repeated Fed warnings that interest rates will rise. Investors are also concerned by worrying developments in the world economy, such as recent power outages in a region of China that is home to many industries.


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