Asian shares spooked by U.S. inflation alarm, yield jump By Reuters
By Wayne Cole SYDNEY (Reuters) - Asian shares faced a third day of losses on Thursday after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening. "Higher inflation is a definite negative for equities, given the likely rates response," said Deutsche Bank (DE:DBKGn) macro strategist Alan Ruskin. "The more nominal GDP gains are dominated by higher inflation, especially wage inflation, the more the possible squeeze on profit margins. It plays to a more choppy, less bullish equity...
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