Asian Stocks Set to Follow US Gains on Fed Outlook: Markets Wrap

Equity futures for Japan, Australia and Hong Kong all rose. The S&P 500 advanced for a fourth day Wednesday, extending this week’s gains to 2.5%. The tech-heavy Nasdaq 100 has climbed 3.5% this week.

Australian and New Zealand bonds opened higher after Treasuries made modest gains Wednesday, helped by the weaker-than-expected data. US gross domestic product rose at a 2.1% annualized pace in the second quarter, lower than the government’s previous estimate. An industry gauge of employment showed fewer jobs were added than economists forecast, while a measure of consumer confidence was also softer than expected.

Additional signs of official support for the world’s second largest economy emerged on Wednesday. The People’s Bank of China is drafting preliminary policies to give private businesses better access to funding, local media reported.

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.

Asia Stocks Set to Follow US Gains on Fed Outlook: Markets WrapShares in Asia are poised to follow Wall Street gains after US economic reports pointed to slowing growth, adding to bets the Federal Reserve is nearing the end of its tightening cycle.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

US stocks climb as slipping bond yields ease pressure on marketsStocks rose moderately, but a higher-for-longer rate outlook Powell hinted at on Friday at Jackson Hole has left investors jittery.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Premarket: World stocks higher as China boost lingers for nowChina’s recent efforts to shore up markets underpin sentiment on global markets
Source: globeandmail - 🏆 5. / 92 Read more »

Stocks lose steam with ADP jobs, GDP data in focus: Stock market news todayWall Street's rally in stocks looked set to stall Wednesday, as investors waited for fresh data on jobs and GDP to help gauge whether Federal Reserve tightening has dented the US economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Bonds rally, stocks drift as China boost fadesBy Tom Westbrook SINGAPORE (Reuters) - Asian equity markets struggled for direction on Tuesday as the bounce from Beijing's efforts to support stocks ...
Source: SaltWire Network - 🏆 45. / 63 Read more »