News Formal

Asian stocks rise following bumper Fed cut; Nikkei rallies as yen retreats

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Asian stocks rise following bumper Fed cut; Nikkei rallies as yen retreats

Investing.com-- Most Asian stocks rose in choppy trade on Thursday amid some cheer over an outsized interest rate cut by the Federal Reserve, while Japanese markets surged as the yen weakened before a Bank of Japan meeting.

But the Fed Chair said that neutral rates will be much higher than those seen earlier, and that the central bank had no intention of returning to an ultra-low rate regime as seen during the COVID-19 pandemic.

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
 

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

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 decline as traders await more cues about Fed's rate-cut pathAsian equity markets edge lower on Wednesday, tracking the overnight pullback on Wall Street that snapped an eight-day winning streak.
Source: FXStreetNews - 🏆 14. / 72 Read more »