Key Points
SINGAPORE (Reuters) Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia, while in Japan, a speech from its central banks head left markets none the wiser on the countrys rate outlook...
Bank of Japan Governor Kazuo Ueda reiterated on Monday the central bank will keep raising interest rates if economic and price developments move in line with its forecasts, but made no mention of whether a hike could come in December...
His speech had been closely watched by investors for clues on the BOJs next rate hike, which could have been seen as a way to push back against the yens weakness...
That has come on the back of Chair Jerome Powells comments last week signalling that borrowing costs could remain higher for longer, and on the view that U.S. President-elect Donald Trumps touted policies of tariffs, reduced immigration and debt-funded tax cuts will stoke inflation, limiting the scope for further policy easing...
With changes afoot in immigration policy, tariff policy, and fiscal policy, Fed officials would tread more lightly anyway in view of the inflationary impact that these policies pose, and the need to keep real policy interest rates higher than otherwise, as a result, said Thierry Wizman, global FX and rates strategist at Macquarie...
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