Asia-Pacific markets started the week with gains after New York Fed President John Williams signaled that a third interest rate cut is still possible this year. His statement that labor market weakness is a greater risk than inflation has increased the odds of a December rate cut, with the market now pricing in around a 70% chance. Today's gains also represent a rebound from last week's decline, when Asian technology stocks plunged. South Korea led the recovery, with the Kospi rising 1.28% and the Kosdaq gaining 0.5%, while Samsung jumped more than 3%. In Australia, the ASX 200 index rose...
Hong Kong stocks rebounded strongly in the morning session on Monday (November 24th), rising 266 points or 1% to 25,478 after six consecutive days of declines. This increase occurred as investors began buying low-priced stocks, particularly in the property, financial, and technology sectors. Sentiment was also boosted by strengthening US index futures, after New York Fed President John Williams signaled that interest rates could be cut again this year due to the weakening labor market. Furthermore, Premier Li Qiang's comments on China's critical minerals policy, emphasizing a balance between...
European stocks rose Monday, starting the new week on a positive note given renewed optimism that the U.S. Federal Reserve can cut interest rates next month. Fed rate cut hopes boost sentiment European stock markets have followed the gains seen in Asia earlier Monday, boosted by comments from influential Federal Reserve policymaker John Williams who said at the end of last week that U.S. interest rates can fall "in the near term". The Fed's next meeting will take place on Dec. 9-10 and markets are currently pricing in a 69.3% chance of a quarter-percentage-point cut, according to the CME...