Asian stocks rose on Tuesday as positive sentiment on Wall Street ahead of an expected Fed rate cut spilled over into regional trading.
Equities in Japan and South Korea rose in morning trading, while Australian equities declined. This followed a surge in bets for a US central bank rate cut, pushing stocks near record highs amid hopes that looser policy would strengthen the American corporate sector.
The S&P 500 rebounded on Monday after a sell-off in the previous session on a weak jobs report. Although upcoming data is projected to...
"After last week's lackluster jobs numbers, it would likely take a big positive surprise from this week's inflation data to derail a Fed rate cut next week," said Chris Larkin at E*Trade of Morgan Stanley.
Fed officials have signaled concerns are shifting from inflation risks posed by tariffs to weakness in the labor market. Steady inflation expectations are an indication that tariffs could be a one-off price shock. Although tariffs take several months to impact the economy,
Ahead of next week's Fed meeting, Thursday's core consumer price index is projected to show a 0.3% increase in August for the second month. Before that, figures from the Bureau of Labor Statistics on Tuesday are likely to reveal another decline in US employment, paving the way for an interest rate cut.
"While the September 5 report showed slowing job growth, it does not appear to signal a recession," according to Invesco's Global Market Strategy Office. "Slower growth, anchored inflation expectations, declining yields, and anticipation of rate cuts point to an optimistic outlook for stocks."
Source: Bloomberg
Tested EN...
Asian stock markets weakened for the second consecutive day, indicating that the initial rally that had been "speedy" at the start of the year is starting to lose steam. At the same time, US governmen...
US stocks were mixed on Wednesday as investors weighed uneven economic data against expectations for eventual Federal Reserve easing, with the S&P 500 easing 0.2% and the Dow Jones sliding 0.8% fr...
European stocks were in mixed territory on Wednesday morning, as regional market jitters grow over U.S. President Donald Trump's threat to annex Greenland. The pan-European Stoxx 600 was little chang...
Asian stock markets weakened slightly on Wednesday after posting their best start to the year in history. The decline was driven by a decline in Japanese stocks amid escalating tensions with China. Th...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...