Investing.com-- Asian stocks rose on Thursday, tracking overnight gains on Wall Street as a swathe of weak economic readings saw investors ramp up bets that the Federal Reserve will cut interest rates by September.
Investors largely looked past potential headwinds to company earnings from softening Japanese economic growth. Earlier this week, the government downgraded first-quarter gross domestic product data to show a much deeper contraction in growth than initially seen. A slowdown in stimulus measures from Beijing also sparked doubts over how much more supportive measures the government has in store.
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:
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: Japan rises after slightly better GDP, others hit by Fed fearsAsian stocks: Japan rises after slightly better GDP, others hit by Fed fears
Source: Investingcom - 🏆 450. / 53 Read more »
Asian stocks mixed before more rate cues, Japan dips on strong wage dataAsian stocks mixed before more rate cues, Japan dips on strong wage data
Source: Investingcom - 🏆 450. / 53 Read more »
Stock market today: Asian shares advance ahead of U.S. inflation reportAsian shares have advanced as traders look ahead to a key report on inflation that could influence the Federal Reserve’s next move on interest rates. U.S. futures were mixed and oil prices rose. In Japan, the government reported industrial output was higher than expected and the unemployment rate stayed at 2.6% in May.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian shares advance ahead of U.S. inflation reportAsian shares have advanced as traders look ahead to a key report on inflation that could influence the Federal Reserve’s next move on interest rates.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian shares advance ahead of U.S. inflation reportAsian shares have advanced as traders look ahead to a key report on inflation that could influence the Federal Reserve’s next move on interest rates.
Source: wjxt4 - 🏆 246. / 63 Read more »