Key Points
SYDNEY (Reuters) -Asian shares steadied on Thursday as Chinese stocks eked out rare gains, while investors stuck to bets for sizable cuts in U.S. interest rates this year even if the kick off might now be a little later than first hoped...
The Federal Reserve committees decision to hold rates at 5.25-5.5% on Wednesday was no surprise, but it emphasised that rates would not be cut until it had more confidence that inflation was truly beaten...
In a media conference, Fed Chair Jerome Powell flatly stated a cut as early as March seemed unlikely, but also conceded that everyone on the committee was looking to ease this year...
One of the more dovish aspects of Powells remarks was the asymmetry on employment: strong employment gains wont necessarily forestall rate cuts, but weak employment gains would absolutely hasten rate cuts, wrote analysts at JPMorgan...
As a result, Fed fund futures for December have priced in a further 11 basis points of easing this year taking the total expected to 141 basis points...
You might be interested in
World shares flattened by stubborn inflation and slow China growth
20, Feb, 24By Nell Mackenzie LONDON (Reuters) -World shares struggled to climb on Monday after the chances of early interest rate cuts globally receded and Chinese markets recorded modest gains on their return
Wall Street eyes Apple after Fed-fuelled flop
01, Feb, 24By Marc Jones LONDON (Reuters) - Share markets were in recovery mode on Thursday as investors stuck to bets for sizable cuts in U.S. and European interest rates even if the kick-off dates might now be
US stocks dip despite larger Fed interest rate cut
19, Sep, 24International Business News: Wall Street stocks experienced a slight decline after the Federal Reserve announced an unexpected half-percentage-point interest rate cut. Fed Chair J
Asian shares subdued as jobs data raises odds of Fed rate hike
10, Apr, 23MSCI's broadest index of Asia-Pacific shares outside Japan was 0.14% higher, while Japan's Nikkei gained 0.5%. Australian, Hong Kong and European markets are closed for Easter. E-mini futures for the S&P 500 were flat.
Asia stocks falter, yen slump keeps markets on intervention alert
27, Jun, 24By Tom Westbrook SINGAPORE (Reuters) -Asian shares fell and bond yields spiked on nervousness about inflation on Thursday, while the yen's slide past 160-per-dollar had currency traders bracing for
Morning Bid: Bond steamroller flattens all
04, Oct, 23A look at the day ahead in U.S. and global markets from Mike Dolan
Asia shares cautious as inflation dashes rate cut hopes
19, Feb, 24By Wayne Cole SYDNEY, (Reuters) - Asian shares got off to a slow start on Monday as fading chances for early rate cuts globally soured the mood, though investors are hoping China markets return from
Asian shares rally on US tech bounce, payrolls in focus
02, Feb, 24By Stella Qiu SYDNEY (Reuters) -Asian shares were buoyed by a late bounce in U.S. tech on Friday as results from Meta and Amazon beat expectations, while investors are bracing for U.S. jobs figures,
Stocks touch two-year highs as investor optimism runs high
31, Jan, 24By Amanda Cooper LONDON (Reuters) -Global stocks traded at two-year highs on Tuesday ahead of a Federal Reserve meeting, while Asian equities took a knock from the court-ordered liquidation of Chinese
Asian shares rally as markets wager on Fed pivot; US inflation in focus
12, Oct, 23By Stella Qiu SYDNEY (Reuters) - Asian shares rose on Thursday as markets wagered that U.S. rates have peaked after more dovish remarks from Federal Reserve officials, while traders awaited the U.S.