News Formal

Asian Stocks to Drop as Traders Rethink Rate Cuts: Markets Wrap

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 34 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Bloomberg News

Interest Rates,Jamie Dimon,Federal Reserve

(Bloomberg) -- Stocks in Asia are mostly headed for early declines after traders reassessed the path forward for interest rates, tempering the optimism...

-- Stocks in Asia are mostly headed for early declines after traders reassessed the path forward for interest rates, tempering the optimism linked to Wednesday’s US inflation reading.Dow Average Touches 40,000 Before Pulling Back: Markets Wrap

“There is a lot of leeway for the stock market if we do see a short-term pullback soon,” Matt Maley at Miller Tabak + Co. “Put another way, the bulls are still fully in charge right now, and so it will take a significant reversal to stem the tide of the upside momentum.” Cleveland Fed President Loretta Mester, New York Fed President John Williams and Richmond Fed President Thomas Barkin, speaking separately Thursday, argued it may take longer for inflation to reach their 2% target.

In Asia, data set for release includes home prices, industrial output and retail sales for China, gross domestic product for Malaysia and Hong Kong, and exports for Singapore.

 

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:

 /  🏆 47. in CA

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.

Asian Stocks to Drop as Traders Rethink Rate Cuts: Markets WrapStocks in Asia are mostly headed for early declines after traders reassessed the path forward for interest rates, tempering the optimism linked to Wednesday’s US inflation reading.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asian Stocks Set to Drop on Hawkish Fed Comments: Markets WrapAsian stocks are set to fall in early trading after US shares and Treasuries extended this month’s selloff after solid economic readings and hawkish Fedspeak reinforced speculation that interest rates will remain higher for longer.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asian Stocks Set to Drop on Hawkish Fed Comments: Markets Wrap(Bloomberg) -- Asian stocks are set to fall in early trading after US shares and Treasuries extended this month’s selloff after solid economic readings and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

How institutional traders are getting in on meme stocksLike it's 2021 all over again, meme stock trading has taken over Wall Street. While some have claimed there is very little rhyme or reason behind the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »