Market move● Neutral for Indian equities
Bessent Downplays Worries On Rising Yields, AI Bubble Concerns
The brief
- Bessent said rising US Treasury yields were in line with global trends and did not warrant consternation
- He also addressed concerns about an AI bubble
- Nasdaq hits record as weak US jobs data cools rate-hike bets
- Nifty earnings lag GDP growth and weighing on equities, shows data
- Asian shares fall as US jobs data looms after Treasury yield hits 24-year high
- D-Street logs longest spell of week slump in 25 years
- US Treasury yields hit highest since 2002 as global bond sell-off deepens