The Shanghai Composite Index lost 0.4% to 3,119.04 while the Nikkei 225 in Tokyo advanced 0.4% to 31,573.96. The Hang Seng in Hong Kong lost 1.3% to 17,713.68.India’s Sensex opened up 0.3% at 65,147.47. New Zealand and Singapore retreated while Bangkok and Jakarta gained.
The S&P 500 soared in the first seven months of 2023 but has given back more than one-quarter of those gains after critics warned the market embraced the notion too early that inflation was under control and rate hikes were finished. Data indicating U.S. consumer spending and hiring are unexpectedly strong have fueled expectations the Fed might feel pressure to keep its benchmark lending rate higher for longer.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian stocks mixed as traders await Fed conference for interest rate updateAsian stocks are mixed as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian stocks mixed as traders await Fed conference for interest rate updateAsian stocks are mixed as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian stocks mixed as traders await Fed conference for interest rate updateAsian stocks are mixed as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.
Source: wjxt4 - 🏆 246. / 63 Read more »
Asian Stock Market: Trades mixed following PBoC rate cut, Chinese stimulus support eyedThe week began on a tepid note for Asian stock markets as China slashed its Loan Prime Rate (LPR) for one year by a smaller margin than anticipated w
Source: FXStreetNews - 🏆 14. / 72 Read more »