CNBC Daily Open: Reality sinks in
Publishing timestamp: 2023-04-06 00:56:34
Summary
The global economy is showing signs of slowing down, with job growth in the US slowing in March and uncertainty in the stock market. UBS reassured investors at its annual general meeting, while Credit Suisse held its final independent annual meeting. The widening rift between the US and China is adding to long-term worries about the economy, with tensions potentially disrupting foreign direct investment. Investors are closely examining Friday's US unemployment data and nonfarm payroll numbers, which will shape Federal Reserve's interest rate policy. European leaders are visiting China to denounce Russia's invasion, while the US House Speaker met with Taiwan's president, drawing criticism from Beijing.
Sentiment: MIXED
Tickers: @TY.1,
Keywords: world markets, 10-yr note future (mar'23), business news, markets,
Source: https://www.cnbc.com/2023/04/06/cnbc-daily-open-asia.html