Asian stocks rebound with Fed, rate cuts in focus; China lags

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Asian stocks rebound with Fed, rate cuts in focus; China lags

Investing.com-- Most Asian stocks rose sharply on Monday with focus on an upcoming Federal Reserve meeting for more cues on interest rate cuts, with the battered technology sector leading gains.

Regional stocks took positive cues from a strong finish on Wall Street on Friday, as signs of easing inflation drove up bets that the Fed will eventually cut interest rates this year. U.S. stock index futures also rose in Asian trade on this notion.at the conclusion of a two-day meeting on Wednesday. But any signals on when it plans to begin cutting rates will be closely watched, especially amid encouraging comments from Fed officials.

Fears of a slowing Chinese economic recovery- following a series of weak readings through July- sparked extended selling in Chinese markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 450. in BUSİNESS

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 sink, weighed down by Wall St tech retreat, China policy questionsAsian shares retreated Friday after a broad washout across Wall Street dragged U.S. stocks lower, and Hong Kong’s benchmark dipped more than 2% as
Source: Mynorthwest - 🏆 438. / 53 Read more »