The trading gallery of the RHB Investment Bank Bhd. headquarters in Kuala Lumpur, Malaysia on November 21 2022. Picture: Samsul Said/Bloomberg
The index, which fell nearly 20% last year, is up about 11% so far this month and is on course for its best-ever January performance. Japan’s Nikkei rose 0.07%. A separate report showed that labour market remains tight and could lead the Fed to keep interest rates higher for longer. Futures are pricing in a 94.7% probability of a 25 basis point hike next Wednesday and see the Fed’s overnight rate at 4.45% by next December, or lower than the 5.1% rate Fed officials have projected into next year.
Next week will also feature Bank of England and European Central Bank meetings that will indicate the monetary policy path those central banks are likely to take.
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Asian stocks extend winning run to scale seven-month highsMSCI's broadest index of Asia-Pacific shares outside Japan advances 0.4%, with South Korean shares leading the way and the Australian dollar hitting multi-month highs
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