Data suggests US is heading towards a recession

Craig Erlam, Senior Market Analyst from OANDA shared the following insights on Biztech’s Asian Midday Market Watch:

• Treasury yields headed lower after both the ADP private payrolls report and ISM Services Index both suggested the economy is weakening.
• Impact of these numbers and the sectors that traders are moving into
• Views on oil prices in the light of these numbers and the production cut earlier this week by OPEC+.

Asian Midday Market Watch is powered by Private Pension Administrator Malaysia (PPA) the Central Administrator for Private Retirement Schemes (PRS).

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Presenter: Brian Fernandez