Asian Stocks to Fall, Yen Steadies After Surge: Markets Wrap

-- Asian equities were primed for a downbeat open on Thursday following declines in US stocks after Federal Reserve chair Jerome Powell downplayed the prospect of further interest rate hikes.Treasuries Rally With Fed Not as Hawkish as Feared: Markets Wrap

“Jay Powell threaded the needle perfectly today,” said Ronald Temple at Lazard Asset Management. “He did not take the bait to talk about hiking rates. I believe the FOMC’s cautious approach will be a winner over time as inflation subsides as we progress through the year.” “The basic message was that cuts have been delayed — not derailed,” said Krishna Guha at Evercore. “Relative to expectations, this is a very measured hawkish reset.”

The central bank has been winding down its holdings since June 2022 — a process known as quantitative tightening. It gradually increased the combined amount of Treasury and mortgage bonds it allowed to run off without being reinvested to a total of $95 billion per month.

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.

Asian Stocks to Be Sold on CPI, Traders Wary of Yen InterventionAsian stocks are likely to be under pressure after Wednesday’s faster-than-expected US inflation data, while currency traders will be on watch for possible yen intervention, according to analysts and strategists
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asian stocks subdued on yen caution, US inflation in focusExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Asian stocks subdued on yen caution, US inflation in focusAsian stocks were muted as investors kept watch for possible intervention by Japanese authorities to stop the yen's decline and awaited U.S. inflation data...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Set to Fall in Wake of Iran Attack: Markets Wrap(Bloomberg) -- Asian stocks are set to decline on Monday as traders grapple with ratcheting tensions in the Middle East after Iran’s unprecedented attack on ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Set to Fall in Wake of Iran Attack: Markets WrapAsian stocks are set to decline on Monday as traders grapple with ratcheting tensions in the Middle East after Iran’s unprecedented attack on Israel at the weekend.
Source: BNNBloomberg - 🏆 83. / 50 Read more »