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REUTERS/Kim Kyung-Hoon/file photo Acquire Licensing RightsAug 18 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. At the very least, investors are nervous and scrambling to adjust to the higher yield environment. But given the tightening of financial conditions around the world, investors remain wary. The 10-year U.S. Treasury yield is above 4.30%, a whisker from highs not recorded since 2007 and the 10-year real yield at almost 2.0% is already at levels last seen in 2009. This is taking its toll - financial conditions across emerging markets are the tightest since early December, according to Goldman Sachs's EM financial conditions index, and risk assets are getting pounded.

Persons: Kim Kyung, Jamie McGeever, Bonds, Japan's, Goldman Sachs's, Josie Kao Organizations: REUTERS, U.S, Treasury, Bank of, People's Bank of China, Thomson, Reuters Locations: Ameyoko, Tokyo, Japan, Bank of Japan, China, Asia, Malaysia

☆ UN forecasts world economic growth of 2.3% in 2023, 2.5% in 2024
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Issei KatoUNITED NATIONS, May 16 (Reuters) - Global economic growth is projected to be 2.3% in 2023, up 0.4 percentage points from a January forecast, and the prediction for 2024 has dropped 0.2 percentage points to 2.5%, according to a United Nations report released on Tuesday. "Despite this uptick, the growth rate is still well below the average growth rate in the two decades before the pandemic of 3.1%," said the World Economic Situation and Prospects report issued by the U.N. Department of Economic and Social Affairs. The U.N. forecasts are less than the International Monetary Fund, which said earlier this year that global growth would fall to 2.9% in 2023 from 3.4% in 2022 and for 2024 would pick up slightly to 3.1%. "The least developed countries are forecast to grow by 4.1 per cent in 2023 and 5.2 per cent in 2024, far below the 7 per cent growth target set in the 2030 Agenda for Sustainable Development," the U.N. report said. It forecast U.S. growth of 1.1% in 2023 - up from 0.4% forecast in January; EU growth of 0.9% in 2023 - up from 0.2%; and Chinese growth of 5.3% - up from 4.8%.

☆ Asia-Pacific markets set to trade mixed after Nasdaq extends gains backed by technology
▼ + stars: | 2023-01-10 | by ( Jihye Lee | ) www.cnbc.com time to read: 1 min

People pass along Ameyoko shopping street as they do end of year shopping on December 30, 2021 in Tokyo, Japan. Asia-Pacific markets were set to trade mixed after the Nasdaq Composite extended gains for a second day on Wall Street. Technology stocks helped the index skirt losses Monday as traders added to bets that inflation may be easing. The Nasdaq was the only major index to end the day up, boosted by a nearly 6% rally in Tesla . The Nikkei futures contract in Chicago was at 26,220 while its counterpart in Osaka was at 26,190 against the Nikkei 225's last close at 25,973.85.

☆ IMF chief economist says central banks' inflation fight to last into 2024
▼ + stars: | 2022-10-11 | by ( Reuters Staff | ) www.reuters.com time to read: 1 min

FILE PHOTO: A man looks at a shop at the Ameyoko shopping district in Tokyo, Japan, May 20, 2022. REUTERS/Kim Kyung-Hoon/FilesWASHINGTON (Reuters) - Central banks’ fight against inflation may take another two years to play out, increasing unemployment and lowering living standards for many in the world, the International Monetary Fund’s chief economist said on Tuesday. In an interview with Reuters, IMF economic counselor Pierre-Olivier Gourinchas said that broad “core” inflation pressures beyond energy and food prices will take time to bring down to central bank targets of about 2%. “Our projection is that this will start coming down, but we will not be back to central bank targets in 2023,” Gourinchas said of inflation. “We’ll be closer to that in 2024.”

Register now for FREE unlimited access to Reuters.com Register"The weak yen is importing inflation into Japan. Core consumer inflation is set to top 3% in October," said Takeshi Minami, chief economist at Norinchukin Research Institute. Analysts expect core consumer inflation to exceed 3% in October, when many retailers plan to raise prices and the base effect of more 2021 cellphone fee cuts will drop out of the calculation. While goods prices were 5.7% higher in August than a year earlier, services prices gained just 0.2%, the CPI data showed. But its recovery has been hobbled by a resurgence in COVID-19 infections, supply constraints and rising raw material costs.

The core core index is closely watched by the BOJ as a gauge on how much of the inflationary pressure is driven by domestic demand. Headline inflation hit 3.0% in August, the highest since 1991, underscoring the pain consumers are suffering from rising living costs. "Headline inflation jumped in August to yet another high since 1991 and it still has a stretch higher to climb. read moreWhile inflation is still modest compared with many other advanced nations, a global slowdown and high energy prices are clouding the outlook. The BOJ has pledged to keep interest rates ultra-low and remain an outlier in a global wave of monetary policy tightening.

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