News Formal

Asia Stocks Face Mixed Open With Focus on Rates: Markets Wrap

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

(Bloomberg) -- Asian stocks are poised for a mixed opening, reflecting Wall Street’s cautious start to a week with rate decisions by major central banks that will likely set the tone for global markets for the rest of the year.Most Read from BloombergHow Auto Executives Misread the UAW Ahead of Historic StrikeVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingUS Marines Pause Flights as the Search Continues for Lost F-35Trillion-Dollar Industry Powering Chicago at Risk of Leavi

Futures in Japan and Australia point to marginal declines, while Hong Kong shares may edge higher. Stocks, bonds and the dollar saw small moves on Monday, with the S&P 500 closing near 4,450. Brent oil pared gains after almost hitting $95 a barrel earlier in the session in a move that added to inflation concerns.

The Fed will probably continue to sound hawkish, with one remaining hike still penciled in for 2023 and the prospect of very slow easing, according to David Kelly, chief global strategist at JPMorgan Asset Management. Still, while policymakers may plan for a gentle drop in rates, there’s risk of an economic downturn that would trigger much more rapid easing, he noted.

Meanwhile, oil’s ascent into overbought territory leaves the market vulnerable to a correction. Earlier in the session, crude dropped more than $1 after Saudi Aramco CEO Amin Nasser lowered the company’s long-term demand outlook and Saudi Energy Minister Prince Abdulaziz bin Salman said “the jury is still out” on China consumption.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

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.

Stocks mixed as Wall Street braces for Fed meeting: Stock market news todayWall Street fixed its focus on an upcoming Federal Reserve meeting where the central bank will issue its next interest rate decision: stock market news today.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asia Stocks Look Set to Fall on Wall Street Losses: Markets WrapAsian equities look set to open lower following tech-led declines on Wall Street Friday as investors look ahead to a week that includes Federal Reserve and Bank of Japan meetings.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asia Stocks Look Set to Fall on Wall Street Losses: Markets Wrap(Bloomberg) -- Asian equities look set to open lower following tech-led declines on Wall Street Friday as investors look ahead to a week that includes Federal Reserve and Bank of Japan meetings. Most Read from BloombergWall Street Comes to Grips With How Wrong It’s Been in 2023MGM Resorts Hackers Broke In After Tricking IT Service DeskThe World Is Struggling to Make Enough DieselHouse Republicans Prepare to Turn US Government Shutdown Into Immigration ClashUltra-Rich Buy Ultra-Luxury Counseling
Source: YahooFinanceCA - 🏆 47. / 63 Read more »