Asia Stocks Set for Bullish Tailwind from US Rally: Markets Wrap

-- Shares in Asia were primed to advance after Friday’s rally in US stocks and bonds as investors gave further credence to the idea interest rates are near the cycle peak.Contracts for share benchmarks in Australia, Japan and Hong Kong all advanced. The S&P 500 enjoyed its best week this year, advancing 5.9%.

Forecasts for Fed cuts next year are at odds with the so-called higher-for-longer narrative policymakers have outlined in recent months, setting the market, and Fed officials, on a collision course. In commodities, oil trades at around $80-a-barrel as Saudi Arabia and Russia reaffirmed that they will stick with oil supply curbs of more than 1 million barrels a day until the end of the year, even as turmoil in the Middle East roils global markets.The Japanese yen was little changed at 149.37 per dollarSpot gold rose 0.3% to $1,992.65 an ounceTFSA Wealth: 7 Stocks to Own for the Next 20 Years

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Foreign bond investors are 'extremely concerned' about US deficits while the risk of China and Japan dumping Treasurys looms largeIn this piece, we will take a look at the 11 best oil refinery stocks to buy. If you want to skip our overview of the dynamics within the oil industry and recent developments, then take a look at the 5 Best Oil Refinery Stocks To Buy.

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