[1/2] An aerial view shows cars for export at a port in Yantai, Shandong province, China May 3, 2023.
China Daily via REUTERS/File PhotoJune 30 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
Goldman's emerging markets financial conditions index is the lowest in 16 months, which stands in contrast to developed economies where rates, bond yields borrowing costs of all stripes are rising sharply.
The U.S. two-year yield jumped 15 basis points on Thursday, its biggest rise in a month, and traders are now pricing in at least one more quarter point rate hike this year.
Here are key developments that could provide more direction to markets on Friday:- China PMIs (June)- Japan - Tokyo inflation (June)- U.S. PCE inflation (May)By Jamie McGeever;Our Standards: The Thomson Reuters Trust Principles.
Persons:
Jamie McGeever, Goldman Sachs, Jerome Powell, China PMIs
Organizations:
REUTERS, Asia's, Bank of Japan, U.S, PCE, Thomson, Reuters
Locations:
Yantai, Shandong province, China, Japan, Tokyo, South Korea, U.S