Key Points
SYDNEY (Reuters) -Asia stocks slipped on Monday in a subdued start to a week where Japans central bank might edge further away from its uber-easy policies, while a key reading on U.S. inflation is expected to underpin market pricing of interest rate cuts there...
None of the analysts polled by Reuters expected a definitive move at this meeting, but policy makers might start laying the groundwork for an eventual shift...
We now forecast three consecutive 25bp cuts in March, May, and June, followed by a slower pace of one cut per quarter until reaching a terminal rate of 3.25-3.5%, 25bp lower than we previously expected, wrote analysts at Goldman Sachs in a client note...
The investment bank also raised its forecast for the S&P 500 which it now sees ending 2024 at 5,100, while decelerating inflation and Fed easing would keep real yields low and support a price-to-earnings multiple greater than 19...
Markets imply around 150 basis points of easing by the European Central Bank next year, and 113 basis points of cuts from the Bank of England...
You might be interested in
Dollar eases as Treasury yields retreat
24, Oct, 23By Saqib Iqbal Ahmed NEW YORK (Reuters) - The U.S. dollar edged lower against a basket of currencies on Monday as U.S. Treasuries erased earlier losses, with 10-year U.S. Treasury yields retreating
Yen gains as bets firm for imminent BOJ rate hike
11, Mar, 24By Kevin Buckland TOKYO (Reuters) -The yen strengthened against the dollar on Monday as signs the Bank of Japan will exit negative interest rates at its policy meeting next week contrasted with
Asia shares extend rally on hopes of early rate cuts
06, Nov, 23By Wayne Cole SYDNEY (Reuters) - Asian shares rallied for a fourth straight session on Monday after markets moved to price in earlier rate cuts in the United States and Europe, bullish wagers that
Yen fired up by speculation of March BOJ policy shift
07, Mar, 24By Amanda Cooper LONDON (Reuters) - The yen was set for its biggest daily rally versus the dollar this year on Thursday, driven by growing speculation that the Bank of Japan could finally raise rates
Asian stocks perk up, focus shifts to US inflation, BOJ
12, Mar, 24By Ankur Banerjee SINGAPORE (Reuters) -Asian equities rose on Tuesday led higher by Chinese tech firms although investors' main focus was on key U.S. inflation data, while expectations that the Bank
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
Dollar struggles to retain gains even as March rate cut odds recede
22, Jan, 24By Vidya Ranganathan SINGAPORE (Reuters) - The U.S. dollar struggled to keep gains in early Asian trade on Monday as looming central bank decisions in Japan and Europe forced a pause in its
Asia shares slip into BOJ meeting, US inflation test
18, Dec, 23By Wayne Cole SYDNEY (Reuters) -Asia stocks slipped on Monday in a subdued start to a week where Japan's central bank might edge further away from its uber-easy policies, while a key reading on U.S.
Yen cedes some ground ahead of critical BOJ test
18, Dec, 23By Rae Wee SINGAPORE (Reuters) - The yen dipped slightly on Monday as the Bank of Japan (BOJ) kicked off its two-day monetary policy meeting, with traders nervously awaiting a decision on whether the
Asia stocks mull over Middle East, central bank meetings
30, Oct, 23By Wayne Cole SYDNEY (Reuters) - Asian share markets were mixed on Monday as Israel's push into Gaza stirred fears of a wider conflict ahead of central bank meetings in the United States, Britain and