Asian stocks dip as rate cut rally cools, China data underwhelms

Investing.com-- Most Asian stocks fell on Friday as warnings from a slew of Federal Reserve officials saw investors reassess expectations of interest rate cuts, while mixed economic readings from China prompted increased caution.

Regional markets took a weak lead-in from Wall Street, as U.S. stock benchmarks closed lower after briefly touching record highs. U.S. stock index futures also tread water in Asian trade. A string of Fed officials warned that it was still too soon to call for interest rate cuts by the central bank, and that the Fed needed more confidence to begin loosening policy.Some middling economic data from China also weighed on sentiment on Friday, although the country’s major tech companies were a sole bright spot among Asian shares.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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.

Asian stocks fall as China rally pauses, rate optimism coolsAsian stocks fall as China rally pauses, rate optimism cools
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Asian shares mostly higher, though China benchmarks falterAsian markets forged higher Tuesday after another day of gains on Wall Street, although Hong Kong's benchmark faltered. U.S. futures were nearly flat and
Source: Mynorthwest - 🏆 438. / 53 Read more »

Stock market today: Asian shares mostly higher, though China benchmarks falterAsian markets are mostly higher, although Chinese shares faltered. U.S. futures and oil prices edged higher. On Monday, U.S. stocks added to their gains from last week as technology stocks led the way once again. The S&P 500 climbed 1% and the Dow Jones Industrial Average rose 0.5%. The Nasdaq composite added 1.2%.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchangedMarkets in Asia apart from Shanghai’s are broadly higher, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020.
Source: wjxt4 - 🏆 246. / 63 Read more »