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Asia stocks set to rise as Fed slashes interest rates, S&P 500 hit record highs

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Investors will watch for market reaction to the Federal Open Market Committee's overnight decision to cut its benchmark funds rate by 25 basis points. The central bank also removed a key phrase from its statement that said it will 'act as appropriate' to sustain the current expansion.

in Australia was down 0.19% in early trade, with most sectors edging higher.

China's Purchasing Managers' Index data for October is expected to be released at about 9:00 a.m. HK/SIN. Investors will watch for market reaction to the Federal Open Market Committee's overnight decision to cut its benchmark funds rate by 25 basis points.

while signaling a big holiday quarter ahead. Apple CEO Tim Cook said in a statement: "We're very optimistic about what the holiday quarter has in store."

 

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Asia stocks set to dip ahead of Fed interest rate decisionThe Fed is largely expected to slash interest rates by 25 basis points later this week. That would mark its third rate cut for this year. Why dip ? Fed will cut the rate
Source: CNBC - 🏆 12. / 72 Read more »