Asia stocks weaken on the patient approach to rate cuts

SINGAPORE - Several key Asian share benchmarks fell on Thursday as markets digested the implications of policymakers in major economies preferring to take patient approach to monetary easing amid sticky inflation.

"One thing that's interesting from the last 24 hours that can be taken away is still the uncertainty from central banks about policy settings and at what levels interest rates have to be at, and where they need to potentially stay at, in order to tame inflation" said Kyle Rodda, senior financial market analyst at Capital.com.

Data on Wednesday showed inflation in Britain eased less than expected and a key core measure of prices barely dropped, prompting investors to pull bets on a Bank of England rate cut next month. "Our baseline view remains that the first 25bp policy easing will occur in February next year, to be followed by a series of gradual 25bp reductions that will eventually lower the OCR to around 3.75% in 2026."

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.

Stock market today: Asian shares edge lower after Wall Street sets more recordsHONG KONG (AP) — Asian markets were mostly lower in cautious trading on Wednesday after U.S. stocks hit new record highs. U.S. futures and oil prices slipped...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares mostly decline after Nasdaq ticks to a record highTOKYO (AP) — Asian shares retreated Tuesday, even as most U.S. stock indexes finished higher, especially technology issues like Nvidia. Japan's benchmark...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian stocks advance after Wall Street closes out another winning weekHONG KONG (AP) — Asian stocks advanced Monday after U.S. stock indexes drifted around their records on Friday with the Dow Jones Industrial Average closing...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares are mixed as China stocks get bump from new property measuresAsian shares were mixed on Friday, with Chinese stocks reversing earlier losses following the announcement of fresh measures to revive the ailing property...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares advance after another round of Wall St recordsAsian shares were mostly higher on Thursday after U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. The optimism...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »