Asia Stocks to Rise as Tesla Buoys US Tech Giants: Markets Wrap
Stocks in Asia rose, following a US tech rally and fresh economic data that rekindled hopes for US interest rate cuts.
Stocks in Asia rose, following a US tech rally and fresh economic data that rekindled hopes for US interest rate cuts.
Indonesia’s central bank will likely postpone monetary easing to later this year, if not early 2025, as it waits out uncertainty around the Federal Reserve’s rate path and the continued fighting in the Middle East.
China’s local credit yields have fallen to the lowest level ever as investors load up on corporate bonds to boost returns in a financial system awash in liquidity.
Former US President Donald Trump met former Japanese Prime Minister Taro Aso on Tuesday night in New York after warning of damage to US industry from the dollar hovering around a 34-year high versus the yen.
Australia’s inflation came in faster than expected in the first three months of 2024, suggesting price pressures are proving stickier and bolstering the case for the central bank to hold interest rates at a 12-year high.
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