Asia stocks firm, dollar sags with US yields on Fed cut bets

TOKYO - Asian stocks were firm on Thursday while the dollar remained on the back foot amid lower U.S. Treasury yields after benign consumer inflation data overnight reinforced bets for the Federal Reserve to start cutting interest rates next month.

The 10-year Treasury yield ticked up slightly to 3.84% in Asian hours, after dipping to as low as 3.811% on Wednesday. Sterling remained depressed after soft UK inflation figures hinted at faster, deeper Bank of England rate cuts. The currency was flat at $1.2824 after sagging 0.3% on Wednesday. Dow Jones futures: The stock market rally slightly added to Tuesday's gains. Ferrari led new buys. Warren Buffett's Berkshire disclosed a stake in Ulta Beauty.Ernst & Young and KPMG have snapped up over half of PwC's corporate clients in China that have fled the market's leading accounting firm as it faces a regulatory probe, filings show.

The Cowboys and Giants reportedly pulled off a very rare interdivisional trade, which is hard to process

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

Asian Stocks Eye Early Gains Into BOJ, Fed Week: Markets Wrap(Bloomberg) -- Asian stocks are poised to rise in early trading ahead of a week of key central bank decisions in Japan, US and UK, as well as some big tech...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Oil slips, Asia stocks dip ahead of Fed, BOJOil traded near seven-week lows on Tuesday as a softening demand outlook weighed on commodities, while bond, currency and stock markets traded cautiously...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »