HONG KONG: Asian markets rose Friday after a Wall Street rally ahead of a speech by Federal Reserve boss Jerome Powell that is expected to reiterate his plan to ramp up interest rates to fight inflation.
Global equities have staggered in recent weeks after a near two-month rally from their June lows as a string of Fed officials lined up to reaffirm their commitment to tighten monetary policy, despite some promising economic data. Most expect him to confirm that more hikes are on the way as officials try to bring inflation down from painful highs not seen in four decades.
The key issue now is how much the bank will tighten over the coming months, with expectations for a half-point lift next month, after two three-quarter moves in June and July.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Business in 67 Shanghai-traded ETFs halted by Hong Kong typhoon delaySHANGHAI : The Shanghai Stock Exchange said subscription and redemption in 67 exchange-traded funds (ETFs) would be halted on Thursday due to a trading suspension in Hong Kong triggered by a typhoon. The business suspension in the ETFs, which invest fully or partly in Hong Kong-traded shares, was made at
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »
Insurer AIA's new business value drops on COVID disruptionHONG KONG :AIA Group Ltd on Thursday posted a 13 per cent drop in new business value for the first half as COVID-19 lockdowns in the insurer's main markets of China and Hong Kong hit sales of its products.The insurer's new business value (NBV), which measures expected profits from new premiums and is a key g
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »
Insurer AIA's new business value drops 13% in first halfHONG KONG : AIA Group Ltd on Thursday posted a 13 per cent drop in new business value in the first half of 2022, as COVID-19 lockdowns in the Asia-focused insurer's main markets of China and Hong Kong weighed down on insurance sales.The insurer's new business value (NBV), which measures expected profits f
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »