Asian Stocks Set to Gain as Fed Awaits More Data: Markets Wrap bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) — Equity markets in Asia look set to open higher Monday as fresh inflation data did little to alter views that the Federal Reserve will cut interest rates this year. Stock futures for the Nikkei 225 index pointed higher, while trading is still closed in Australia and Hong Kong due to holidays. Contracts for…
Federal Reserve boss Jerome Powell said the report "is pretty much in line with our expectations" and decision-makers were on track to hit their long-term inflation target of two percent.
Stock Futures Rise on Fed-Cut Bets, Gold Rallies: Markets Wrap swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
Asian markets were mixed Monday after data showed a slight uptick in US inflation but Federal Reserve boss Jerome Powell said the reading was "in line with expectations".Powell said the report "is pretty much in line with our expectations" and decision-makers were on track to hit their long-term inflation target of two percent.