fxstreet.com 22 Feb, 2021 14:00 am

Stocks wilt under pressure from rising yields

Overview: Higher interest rates, driven by inflation expectations, is forcing an adjustment to equity markets. The S&P 500 is poised to gap lower toda

It reported that exports rose 16.Adjusted for the number of workdays, South Korean exports rose by nearly 30%.7% year-over-year, and semiconductor exports rose by 27.The IMF's chief economist has weighed-in the debate in the US over fiscal policy.

While some renowned economists like former US Treasury Secretary Summers and former IMF chief economist Blanchard have warned of the inflation risk, the IMF's current chief economist Gopinath defended Biden's $1.Japan and Taiwan reported strong export figures last week, and earlier today, South Korea joined the party.

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