International Finance: Asia stocks follow US shares higher, dollar steady: markets wrap

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 84%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Stocks in Asia edged higher on Wednesday following a late rally in US shares in a volatile session after Federal Reserve chair Jerome Powell rebuffed an opportunity to tamp down investor optimism.

Equities in Australia and South Korea advanced to push a region-wide benchmark of shares higher despite fluctuating trading in Hong Kong, mainland China and Japanese shares. US futures were largely flat after the S&P 500 advanced more than 1% Tuesday. The tech-heavy Nasdaq 100 outperformed major benchmarks, climbing more than 2%.in Treasuries on Tuesday, which partly reversed in early Wednesday trading. An index of the dollar was steady after its fall on Tuesday snapped a three-day rally.

Powell’s sober comments echoed those made after last week’s FOMC meeting, soothing traders who were expecting the Fed chief to push back on the loosening of financial conditions and Friday’s bumper jobs report. Powell highlighted that disinflation has begun, and that further hikes will likely be needed if the jobs market remains strong.raise interest rates

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
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:

 /  🏆 3. in BE

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.

Asia stocks steady after day of steep lossesDollar strong as markets reassess rates outlook
La source: BDliveSA - 🏆 12. / 63 Lire la suite »