Asia shares track Wall Street lower, dollar struggling
Asian shares stressed that weak US data with Wall Street on Wednesday, while weak US data caused tariffs on economic activities and gains, the dollar fought with lower bond returns.
On Tuesday, the US services sector activity was unexpectedly flattened in July. Employment underlined the impact of President Donald Trump’s tariff policy and increased the highest in about three years and its input costs were weakened.
The second quarter gain results revealed the pressure of Trump’s tariff wars. Taco Bell parent Yum Brands warned that Caterpillar US tariffs will cost US $ 1.5 billion (A2.3 billion) this year.
“Although he’s still far from fruit, he’s still far from fruit, he’s drawing a picture of a stagflationist dynamics that increases a toxic mixture of unemployment and prices, although he’s still far from really fruit, but through the US economy,” he said.
MSCI’s Asian-Pacific Shares Index outside Japan decreased by 0.2 percent, while Japan’s Nikkei made a 0.2 percent profit.
Both Chinese blue chips and Hong Kong’s Hang Seng index were flat.
NASDAQ futures decreased by 0.3 percent and S&P 500 futures decreased by 0.1 percent.
On Tuesday, Trump said he would announce the tariffs on semiconductors and chips within Tuesday, and that the US would apply a “small tariff ına to drug imports before significantly increased significantly in one or two years.
He also said that the US was close to a trade agreement with China and that if an agreement is made, he would meet Xi Jinping, a Chinese counterpart before the end of the year. However, Russian oil purchases threatened to further increase tariffs from India on goods.
In the foreign exchange markets, the dollar was combined in a weak job report, which is the price of markets, which has a definite chance of the federal reserve interest rate in September, after passing by the highest levels of two months last Friday.
The dollar index, which measures the US currency against six colleagues, was flat in 98.821 and increased by 0.1 percent this week after 1.4 percent of Friday.
According to CME’s Fedwatch, the Fed Fund futures means a 94 percent drop in the next month.
Investors expects Trump’s selection to fill a future gap at the Federal Reserve Board of Directors. Trump said that the decision would be made soon, and that the Treasury Secretary Scott Bessent has ruled as a contestant to replace the current chef Jerome Powell, who ended in May 2026.
Treasury yields rose over one night after the auction of three -year grades 58 billion dollars ($ 90 billion) went bad, but still approached a very monthly low levels. This week will be released on Wednesday with $ 42 billion ($ 65 billion) and $ 25 billion ($ 39 billion) at 30 -year bond on Thursday.
The two -year Treasury return rose to 3.5 BPS during the night to 3.7284 percent, while 10 -year yield increased by 2 BPS to 4.2198 percent after being kept constant during the night.
In the commodity markets, oil prices rose after four straight drops. US crude oil increased by 0.2 percent per barrel to $ 65.3 (A100.8 $), while Brent was the lowest level of one month per barrel with an increase of 0.1 percent (A104.63 $).
Trump said on Tuesday that after a meeting with Russian officials planned to be held on Wednesday, Russian oil -buying countries will decide whether to sanction.
Spot gold prices were fixed at an ounce of $ 3,381 (A5,219 $).
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