Asian Stocks Advance After Tech Lifts Wall Street: Markets Wrap

-- Equities in Asia climbed Wednesday after a tech rally lifted Wall Street and bets on Federal Reserve rate cuts stabilized.Should Evictions Be Banned After Hurricanes and Climate Disasters?

New Zealand’s dollar fell and bonds rose after the nation’s central bank delivered a 50 basis-point cut on its benchmark rate. It is the Reserve Bank of New Zealand’s second straight reduction after it began its easing cycle with a quarter-point cut in August. Tuesday’s sharp drop in HK stocks “can be considered somewhat of a clearing event for purging some excess inflated overinflated expectations of stimulus from the market,” said Timothy Moe, Goldman Sachs’ chief Asia Pacific equity strategist. “We’ve level set things and I would think that from here we probably find a floor.”

Fed Bank of Boston President Susan Collins noted that rate cuts should be careful and data-based. Her Atlanta counterpart Raphael Bostic said while risks to inflation have come down, threats to the labor market have risen, though the economy is still strong. Governor Adriana Kugler said officials should keep the focus on bringing inflation to target, with a “balanced approach” that avoids a slowdown in jobs.

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 climb after Wall Street closes its record-setting week mixedHONG KONG (AP) — Asian stocks were mostly higher on Monday, supported by key rate decisions last week from the U.S. Federal Reserve, Japan, China and Britain...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian stocks mixed amid weak China data after Wall Street closes the best week of 2024HONG KONG (AP) — Asian stocks were mixed on Monday with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian stocks defy Wall St selloff, charged by dogged China optimismAsian stocks bucked the global trend to extend a rally on Thursday, fuelled by persistent optimism over China's aggressive stimulus package, although there...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataTOKYO (AP) — Asian shares were trading mostly higher Tuesday after a rally on Wall Street that regained some of the losses from the market’s worst week in...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slideTOKYO (AP) — Asian shares mostly rose on Thursday, encouraged by gains on Wall Street led by a handful of influential Big Tech companies.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian benchmarks dip after Wall Street's mixed finishTOKYO (AP) — Asian shares traded mostly lower Wednesday after Wall Street drifted to a mixed finish.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »