Marketmind: RBA set to raise rates, and Powell to the people

World and Asian stocks crept higher on Monday despite an increase in U.S. and global bond yields, and ahead of an expected interest rate hike in Australia and hawkish remarks from Federal Reserve Chair Jerome Powell on Tuesday.

The gains were minimal, but they came despite a rise in global bond yields on Monday and significant event risk on Tuesday. Analysts expect one more 25 basis point increase in the second quarter of the year, leaving the cash rate at 3.85 per cent, its highest since 2012. If policymakers are to err on one side or the other, it will likely be on the hawkish side.

Again, the question is: how long can equity markets hold up and volatility stay depressed, if yields and Fed expectations continue to grind higher?

Business Business Latest News, Business Business Headlines

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

Marketmind: China takes fiveA look at the day ahead in U.S. and global markets from Alun John'Fair enough I suppose' seems to be markets' response to China's comparatively-modest 5 per cent 2023 growth target announced on Sunday. There were small dips in onshore Chinese stocks, the yuan and oil, but Hong Kong shares followed the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asia stocks rally, bonds tense for US rate testsSYDNEY : Asian shares edged up on Monday while bond markets held their breath ahead of an update on the U.S. rate outlook from the world's most powerful central banker, and a jobs report that could decide if the next hike needs to be super-sized.There was some disappointment that Beijing chose to lowball Finland and Sweden already recession
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »