Asia Stocks to Follow US Rally on Rates Optimism: Markets Wrap

-- Asian stocks were poised to gain on Tuesday, following a strong lead from Wall Street where optimism the Federal Reserve will start cutting interest rates this year helped push shares to their best three-day rally since November.Futures showed Japan’s benchmark Nikkei 225 could surge almost 2% on reopening after being closed since end-Thursday. Australian shares should also gain, while Hong Kong looked steady.

The CSI 300 Index rose 1.5% in the previous session to the highest since October, with consumer and health-care sectors leading the gains. The onshore yuan advanced as much as 0.6%. Fed Bank of Richmond President Thomas Barkin said he expects high rates to slow the economy further and cool inflation to the 2% target. His New York counterpart John Williams said eventually there will be rate cuts — but the decision on when will depend on the totality of the data.

Adam Turnquist at LPL Financial remarked that stock-market breadth remains robust and momentum is also improving. The US Securities and Exchange Commission warned Robinhood Markets Inc. that it faces an enforcement action over its crypto business — the latest sign that the regulator isn’t letting up on its years-long crackdown on digital assets.

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 to Follow US Rally on Rates Optimism: Markets WrapAsian stocks were poised to gain on Tuesday, following a strong lead from Wall Street where optimism the Federal Reserve will start cutting interest rates this year helped push shares to their best three-day rally since November.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Asia to Open Mixed as Tech Rally Lifts US Stocks: Markets WrapEquities in Asia are poised for a mixed open after a rally in the world’s largest technology companies drove a rebound in US stocks.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Stock market today: Stocks gain as Fed rate hopes fuel continued rallyStocks rallied at the end of last week, getting a boost from a 'Goldilocks' jobs report.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Stocks rally after Fed decision as Powell soothes rate nervesFed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market news: Tech rally drives up stocks as earnings roll inA renewed rally in some of the world’s largest technology companies propped up the U.S. stock market, with traders weighing another big batch of corporate earnings.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Stock market news: Tech rally keeps stocks afloat amid mixed earningsStocks edged higher on Wednesday as a rally in technology shares kept benchmarks afloat after disappointing earnings in the European banking and luxury sectors.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »