Asia-Pacific stocks tracked Wall Street gains on Friday as renewed rate cut hopes by the U.S. Federal Reserve bolstered market sentiment.
Japan recorded its biggest current account surplus worth 25.3 trillion yen in fiscal year ended March 2024, Reuters reported.— Shreyashi Sanyal, Reutersin March declined less than expected at 1.2% in real terms from a year earlier, compared with a 2.4% drop estimated by economists polled by Reuters.
Average monthly income per household stood at 513,734 yen for March, up 3% in nominal terms but down 0.1% in real terms from the previous year.for mega caps like the"Magnificent Seven" have led some investors to question whether now is the best time to be buying growth stocks."Growth stocks will continue to outperform value stocks, generally speaking.
"Our view is that inflation will start heading back to the Fed's 2% target in the coming months," Marcelli said.John Waldron, president and Chief Operating Officer of Goldman Sachs, speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S.