Asian stocks mixed after Wall Street rallies as 'time has come' for rate cuts

  • 📰 AP
  • ⏱ Reading Time:
  • 30 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 51%

Financial Markets Nachrichten

Federal Reserve System,Stocks And Bonds,General News

Asian stocks are mixed after U.S. stocks rallied close to their records on the expectation the Federal Reserve will start cutting interest rates soon to help the economy. U.S. futures edged lower. Oil prices rose Monday. On Friday, Fed Chair Jerome Powell said the time had come to lower the main interest rate from a two-decade high.

A custodian cleans an electronic stock board showing Japan’s Nikkei index at a securities firm Monday, Aug. 26, 2024, in Tokyo. People stand in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Monday, Aug. 26, 2024, in Tokyo. A person walks in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Monday, Aug. 26, 2024, in Tokyo.

On Friday, the S&P 500 rose 1.1% to 5,634.61 after the index pulled within 0.6% of its all-time high set last month and has clawed back virtually all of its losses from a brief but scary summertime swoon. While careful to say the task is not complete, Powell used the past tense to describe many of the conditions that sent inflation soaring after the pandemic, including a job market that “is no longer overheated.” That means the Fed can pay more attention to the other of its twin jobs: to protect an economy that’s slowing but has so far defied many predictions for a recession.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 728. in CH

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asian stocks mixed after Wall Street rallies as 'time has come' for rate cutsAsian stocks are mixed after U.S. stocks rallied close to their records on the expectation the Federal Reserve will start cutting interest rates soon to help the economy.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »

Asian stocks mixed after Wall Street rallies as 'time has come' for rate cutsAsian stocks are mixed after U.S. stocks rallied close to their records on the expectation the Federal Reserve will start cutting interest rates soon to help the economy.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »

Asian stocks are mixed after Wall Street’s best week of the yearAsian stocks were mixed Monday as investors ponder the upcoming meeting of the Federal Reserve, following Wall Street's best week since November with a
Herkunft: Mynorthwest - 🏆 438. / 53 Weiterlesen »

Asian stocks are mixed after Wall Street's best week of the yearAsian stocks are mixed as investors ponder the upcoming meeting of the Federal Reserve, while Wall Street coasted to the close of its best week since November with a slight uptick in U.S. stocks Friday.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »

Asian stocks are mixed after Wall Street's best week of the yearAsian stocks are mixed as investors ponder the upcoming meeting of the Federal Reserve, while Wall Street coasted to the close of its best week since November with a slight uptick in U.S. stocks Friday.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »

Asian shares are mixed after Wall Street decline led by falling tech stocksAsian shares are mixed after another tumble on Wall Street.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »