Stocks in Asia gain on rate-cut wagers, India markets choppy

SINGAPORE - Asian stocks broadly rose on Wednesday, while the dollar was steady as a softening U.S. labour market firmed up bets of a Federal Reserve interest rate cut in September and investors awaited crucial payrolls report later this week.

"I think there's a strange trade off between those who like that data as encouraging thoughts of rate cuts and those who are looking at things going on and that are not great news," said Rob Carnell, ING's regional head of research for Asia Pacific. "Beyond inflation data, however, bad news on growth is likely to remain straightforwardly bad news for the dollar unless recession concerns intensify," said Daragh Maher, head of FX strategy for the U.S. at HSBC.

Modi's ruling Bharatiya Janata Party lost an outright majority in parliament for the first time in a decade and is dependent on its regional allies to get past the half-way mark required to run the world's largest democracy.

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 sedate, dollar steady as inflation tests awaitAsia stocks sedate, dollar steady as inflation tests await
Source: Investingcom - 🏆 450. / 53 Read more »

Japan, Hong Kong stocks lead Asia markets lower; investors assess inflation dataJapan’s core inflation — which strips out fresh food and energy — eased to 2.2% from 2.6% in March, in line with expectations.
Source: nbcchicago - 🏆 545. / 51 Read more »

Asia stocks weaken on the patient approach to rate cutsAsia stocks weaken on the patient approach to rate cuts
Source: Investingcom - 🏆 450. / 53 Read more »

Asia stocks edge up on Nvidia hopes, NZ dollar jumpsAsia stocks edge up on Nvidia hopes, NZ dollar jumps
Source: Investingcom - 🏆 450. / 53 Read more »

Asia markets mostly fall after tech stocks lift Nasdaq to record highsInvestors in Asia will be watching for any spillover to companies in Nvidia’s value chain, such as Taiwan’s TSMC and Foxconn.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Asia markets are mixed after tech stocks lift Nasdaq to record highsInvestors in Asia will be watching for any spillover to companies in Nvidia’s value chain, such as Taiwan’s TSMC and Foxconn.
Source: nbcsandiego - 🏆 524. / 51 Read more »