TOKYO - Asian equities rallied on Thursday, while bond yields slid, as investors weighed cooling U.S. inflation against a more hawkish posture by the Federal Reserve.
However, investors were whipsawed later as Fed officials trimmed projections for interest rate reductions this year to a single quarter-point cut. "These projections remain hostage to the incoming data, on that front, the May consumer price index was a genuine dovish surprise," said Nick Ferres, chief investment officer at Vantage Point, Singapore.
The Nikkei newspaper reported that the BOJ is likely to debate a reduction in monthly bond purchases at its policy gathering ending Friday, echoing earlier reports from Reuters and other news outlets. The yen was a notable underperformer against the dollar overnight, while most other major currencies registered substantial gains.Meanwhile, the euro held steady at $1.0808 after firming 0.64% overnight.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Asian Stocks Set to Slide as Fed Cuts Seen Delayed: Markets Wrap(Bloomberg) -- Asian stocks are poised to track Wall Street lower following activity data that signaled the Federal Reserve may keep rates on hold for most...
Weiterlesen »
Asia Stocks Poised to Follow US Higher Post-Fed: Markets WrapAsian stocks are set to track US peers higher as the Federal Reserve’s cautious outlook on interest rates did little to alter Wall Street’s bets on cuts.
Weiterlesen »
Asia Stocks Poised to Follow US Higher Post-Fed: Markets Wrap(Bloomberg) -- Asian stocks are set to track US peers higher as the Federal Reserve’s cautious outlook on interest rates did little to alter Wall Street’s...
Weiterlesen »