Stocks make tentative start to second half under growth clouds | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
May 29, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, MAY 29, 2025
Stocks make tentative start to second half under growth clouds

Stocks

Reuters
01 July, 2022, 09:20 am
Last modified: 01 July, 2022, 09:29 am

Related News

  • DSEX drops 62 points, extends losing streak to six days
  • Inflation, exchange rate shocks to intensify fiscal pressure in FY26
  • Stocks fall for fourth straight session as DSEX sheds 82 points
  • Strong external sector bolsters economic recovery hopes: GED
  • Stocks plunge further amid political volatility  

Stocks make tentative start to second half under growth clouds

Amid the gloom, however, China has suddenly become a bright spot. Mainland markets rose in the last quarter and have bounced about 20% from April lows

Reuters
01 July, 2022, 09:20 am
Last modified: 01 July, 2022, 09:29 am
FILE PHOTO - An investor stands in front of an electronic board showing stock information at a brokerage house in Shanghai, China, August 24, 2015. REUTERS/Aly Song
FILE PHOTO - An investor stands in front of an electronic board showing stock information at a brokerage house in Shanghai, China, August 24, 2015. REUTERS/Aly Song

 Bonds slipped, the dollar edged higher and Asia's stockmarkets made a shaky start to the second half on Friday, as investors grow increasingly nervous about the global economic outlook.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat, with trade thinned by a holiday in Hong Kong.

Japan's Nikkei slipped 0.7%. Treasuries fell, lifting yields a little bit along the curve, and US equity futures dropped about 0.2%.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The S&P 500 closed out its worst first-half since 1970 overnight and the Treasury market has taken such a beating in the past six months that Deutsche Bank estimates the performance is the poorest in more than two centuries. 

Inflation and central banks' response to it is responsible. Focus is now on any clues about whether it has peaked. Eurozone consumer price data is due later on Friday and July figures in the United States will be a blockbuster for financial markets.

German inflation unexpectedly slowed last month, as did the pace of US consumer spending in May, according to data released on Thursday - prompting some pullback in rate-hike bets but at the same time increasing worries about economic weakness.

"Many investors want a clear outlook," said Steven Wieting, chief investment strategist at Citi Global Wealth Investments, but the future does not present a steady, reliable recovery.

"(2020) was a clear period where the economy was depressed that we could put money to work here with a lot of confidence. We can't say that now," he said.

Growth worries punched oil lower and Brent crude futures were last at $109.76 a barrel.

The uncertainty has kept a bid behind the US dollar, even as markets have pulled back on aggressive interest-rate forecasts and have lately even priced Federal Reserve rate cuts as soon as mid-2023.

The dollar had its best quarter since 2016 for the three months to the end of June and the euro and yen were losers. The greenback was firm on Friday and heading for a weekly gain, with the dollar index up 0.7% on the week to 104.830.

CHINA BRIGHT

Amid the gloom, however, China has suddenly become a bright spot. Mainland markets rose in the last quarter and have bounced about 20% from April lows. 

China is emerging from lockdown, has no inflation problem and this week factory activity data showed a welcome return to growth, with Caixin PMI data on Friday showing June brought the fastest expansion in manufacturing in 13 months.

The Shanghai Composite and blue-chip CSI300 edged about 0.3% lower on Friday but they are each set to log five straight weeks of gains.

The yuan has steadied and that has leant somewhat of a hand to some regional currencies, even if the dollar remains in demand. Friday's focus was on Chinese President Xi Jinping's visit to Hong Kong.

Among majors the dollar rose to $1.0469 per euro and was up about 0.3% to $0.6883 on the Aussie .

It bought 135.64 yen after a blistering 11.6% rise over the June quarter. The strong dollar and rising U.S yields have kept a lid on gold , which pays no yield, and it was drifting toward a weekly loss at $1,805 an ounce on Friday.

Another notable outperformer in Asia has been Indonesia, where stocks are up more than 5% for the year and could benefit further if foreign money does flow back to emerging markets.

"While clients remain more in risk reduction mode, at some point there's a weight of money to come back into the asset class," said David Beale, vice chair of global emerging markets' institutional client coverage at Deutsche Bank in Singapore.

"Clearly any signs of inflation plateauing and rate hikes starting to be priced out could signal a more favourable path," he said. "Next month's US CPI print will be critical in this regard."

Top News / World+Biz

stocks / Global stocks / inflation

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • How termination of USDA-funded trade facilitation project will affect Bangladesh
    How termination of USDA-funded trade facilitation project will affect Bangladesh
  • File photo of Bangladesh Secretariat. Photo: Collected
    Visitors banned from entering Secretariat on Mondays and Thursdays
  • File photo of BNP Secretary General Mirza Fakhrul Islam Alamgir. Photo: Collected
    Asked for roadmap, govt didn’t give in 10 months, now 'December it is': Mirza Fakhrul

MOST VIEWED

  • Google Pay. Photo: Collected
    Google Pay likely coming to Bangladesh soon
  • Graphics: TBS
    Suspicious banking activities surge by 56% since July: Cenbank
  • Representational image of cable car/Freepik
    Cable car to be installed from Himchari to Reju Khal in Marine Drive Road
  • Illustration: TBS
    Bangladesh sees highest-ever per capita income of $2,820 in FY25, BBS provisional data shows
  • IFIC Bank receives Tk6,000 cr in new deposits in six months
    IFIC Bank receives Tk6,000 cr in new deposits in six months
  • Abdul Awal Mintoo, chairman of National Bank Limited. Sketch: TBS
    'Regulatory support must for National Bank to restore depositors' confidence'

Related News

  • DSEX drops 62 points, extends losing streak to six days
  • Inflation, exchange rate shocks to intensify fiscal pressure in FY26
  • Stocks fall for fourth straight session as DSEX sheds 82 points
  • Strong external sector bolsters economic recovery hopes: GED
  • Stocks plunge further amid political volatility  

Features

In recent years, the Gor-e-Shaheed Eidgah has emerged as a strong contender for the crown of the biggest Eid congregation in the country, having hosted 600,000 worshippers in 2017. Photo: TBS

Gor-e-Shaheed Boro Maath: The heart of Dinajpur

2d | Panorama
The Hili Land Port, officially opened in 1997 but with trade roots stretching back to before Partition, has grown into a cornerstone of bilateral commerce.

Dhaka-Delhi tensions ripple across Hili’s markets and livelihoods

3d | Panorama
Photo: Collected

Desk goals: Affordable ways to elevate your study setup

3d | Brands
Built on a diamond-type frame, the Hornet 2.0 is agile but grounded. PHOTO: Asif Chowdhury

Honda Hornet 2.0: Same spirit, upgraded sting

3d | Wheels

More Videos from TBS

The fight between two brothers; Adidas vs Puma

The fight between two brothers; Adidas vs Puma

2h | Others
Trump is again keen to make Canada the 51st state

Trump is again keen to make Canada the 51st state

4h | Others
Trump's tariff strategy and Europe's investment politics, violence or negotiation?

Trump's tariff strategy and Europe's investment politics, violence or negotiation?

5h | Others
Rumours surrounding the Club World Cup: Which club will Ronaldo join?

Rumours surrounding the Club World Cup: Which club will Ronaldo join?

5h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net