Asia Stocks Echo US Rally With Eyes on Fed Meet: Markets Wrap

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

(Bloomberg) -- Stocks in Asia rose after US equities touched fresh highs and bonds also rallied as traders brace for the latest monetary policy decision from...

-- Stocks in Asia rose after US equities touched fresh highs and bonds also rallied as traders brace for the latest monetary policy decision from the Federal Reserve.Real Estate Pain Is Showing Up in an Obscure Investment Product

Despite the Tuesday bond gains, traders have stepped up short bets in anticipation of a selloff ahead of the Fed’s monetary decision due later Wednesday. The Bloomberg dollar index climbed for a fourth day, strengthening against most major currencies. “If the rise in yields and the dollar can continue comes crucially down to whether the Fed validates the hawkish narrative or not,” said Win Thin and Elias Haddad at Brown Brothers Harriman. “If Jerome Powell can stick to the hawkish script, the message will remain consistent and market reaction will likely be limited. If he veers from the script and delivers a dovish tilt, then market reaction will likely be quite violent.

Since 2022, the Fed has been letting as much as $60 billion in Treasuries and as much as $35 billion in agency-backed mortgage debt mature each month and roll off its balance sheet, a process known as quantitative tightening. Investors should buy the dip in stocks in the case of pullbacks amid a backdrop of good economic growth and inflation normalization, according to Goldman Sachs Group Inc. strategists led by Christian Mueller-Glissmann.

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:

 /  🏆 47. in CA
 

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

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia Stocks to Follow US Rally With Eyes on Fed: Markets WrapStocks in Asia are set to rise after Wall Street traders sent US benchmarks to fresh all-time highs before the Federal Reserve decision.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: U.S. stocks suffer 'heat check' as rally hits a wallWall Street traders sent stocks sliding on speculation that a rally to multiple records this year is now overdone.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market today: Stocks build on record-setting rallyThe market is kicking off March in a subdued mood as the relief sparked by the PCE reading wears off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asia Stocks Eye Early Gains Into China Policy Week: Markets WrapAsia stocks are expected to see early gains as investors anticipate China's policy week. Meanwhile, the $1.5 trillion 'ESG' debt market is losing clients. US reactor fuel makers receive $2 billion in funding.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asia Stocks Set for Mixed Open After US Tech Slide: Markets WrapStocks in Asia were mixed as investors focused on China’s policy meeting after official announcements of an ambitious 5% growth target. Tech heavyweights drove Asian peers lower, ahead of Federal Reserve Chair Jerome Powell’s Congressional testimony.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

China to Rally on Reopen; Other Stocks Seen Mixed: Markets WrapAsian shares traded flat as earlier optimism that was triggered by positive Chinese holiday data dissipated.
Source: BNNBloomberg - 🏆 83. / 50 Read more »