Asian stocks climb on Wall Street's lead; dollar sags after Fed cut

TOKYO - Asian stocks rose broadly on Friday, tracking Wall Street's overnight rise to record highs, as investors digested the Federal Reserve's message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump.

However, optimism over stimulus from Beijing buoyed sentiment as the week-long National People's Congress Standing Committee meeting concludes on Friday with officials holding a briefing. Sources previously told Reuters that Chinese fiscal spending could be increased in the event of a second Trump presidency.Global stocks, led by Wall Street, are headed for a 3.3% weekly advance, and stand at a record high.

"We think that the economy, and we think our policies, are both in a very good place, a very good place," Powell said in his post-meeting news conference. "Markets have already gone through the 'honeymoon period' for the president-elect, and USD and U.S. rates now are in the 'window period', when they consider the policy outlook," said Shoki Omori, chief Japan desk strategist at

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stock market today: Asian markets mostly fall after Wall Street logs 3rd loss in a rowShares are mostly lower in Asia after a third straight day of losses on Wall Street.
مصدر: ksatnews - 🏆 442. / 53 اقرأ أكثر »

Stock market today: Asian shares are mixed after Wall Street drifts ahead of US Election DayShares are mixed in Asia after U.S. stock indexes drifted lower at the start of a momentous week full of potential flashpoints in Washington, D.
مصدر: wjxt4 - 🏆 246. / 63 اقرأ أكثر »

Stock market today: Asian markets mostly fall after Wall Street logs 3rd loss in a rowShares are mostly lower in Asia after a third straight day of losses on Wall Street.
مصدر: wjxt4 - 🏆 246. / 63 اقرأ أكثر »

Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street.
مصدر: ksatnews - 🏆 442. / 53 اقرأ أكثر »

Stock market today: Asian shares fall after Wall Street pulls back from its recordsAsian shares outside of China are lower in cautious trading ahead of earnings reports both in the region and overseas, after Wall Street's long, record-breaking rally ran out of steam. Benchmarks fell in Tokyo, Seoul and Sydney, while rising slightly in Hong Kong and Shanghai. The yen weakened against the U.S. dollar and oil prices edged lower.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »