Asian markets set to be supported by bond market pause, Wall Street stabilization

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 27 sec. here
  • 17 min. at publisher
  • 📊 Quality Score:
  • News: 66%
  • Publisher: 63%

Finance News

Asian Markets,Bond Market,Wall Street

A pause in the global bond market selloff, stabilization on Wall Street and a softer dollar should all help support Asian markets on Thursday, as investors also turn their eyes to U.S. Treasury Secretary Janet Yellen's visit to China.

A pause in the global bond market selloff, stabilization on Wall Street and a softer dollar should all help support Asian markets on Thursday, as investors also turn their eyes to U.S. Treasury Secretary Janet Yellen's visit to China. The Asia and Pacific economic calendar on Thursday is extremely light, with only Australian and Indian services purchasing managers index reports on tap, leaving investors to take their cue from global market moves and events.

Chief among them will be Federal Reserve Chair Jerome Powell's reiteration on Wednesday that policymakers can take their time deliberating over when to deliver their first rate cut, and that it remains"too soon" to judge whether recent stronger-than-expected inflation is"more than just a bump." The recent whittling away of U.S. rate cut expectations - rates markets no longer fully expect a move in June or 75 basis points of easing in total this year - has recently begun to squeeze bond and stock markets around the worl

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares trading mixed after Wall Street’s momentum coolsTOKYO (AP) — Asian shares were mixed in muted trading Tuesday, as buying in some markets was soon erased by profit-taking. Japan's benchmark Nikkei 225...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares trade mixed after Wall Street closes near record finishTOKYO (AP) — Asian shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares trade mixed after Wall Street closes near record finishTOKYO (AP) — Asian shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares are mixed after another Wall Street record dayBANGKOK (AP) — Stocks were mixed Friday in Asia after Wall Street tapped fresh records, led by big gains in chipmakers. Japan’s Nikkei 225 topped 41,000 for ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares rise after Wall Street rallies to recordsTOKYO (AP) — Asian benchmarks were mostly higher on Thursday after U.S. stocks rallied to records following the Federal Reserve’s i ndication that it expects...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »