US stock futures lead Asia lower, dollar gains on yen – Reuters
- Date: 11-Oct-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Gulf
US stock futures lead Asia lower, dollar gains on yen – Reuters
SYDNEY, Oct 11 (Reuters) - Asian shares slipped on Monday as global inflation angst favoured commodities as a hedge over U.S. equities, while rising U.S. bond yields lifted the dollar to two-and-a-half year peaks against the Japanese yen
Nasdaq futures and S&P 500 futures were both down around 0.5% in early trade, as oil prices extended their bull run.
"Bond yields continue to push higher, inflation expectations are rising and monetary tightening in various guises is becoming more prevalent," said ANZ analysts in a note.
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