These factors are expected to lend a helping hand to Asian risk markets as investors shift their focus to U.S. Treasury Secretary Janet Yellen's visit to China. As investors eagerly await Friday's Non-Farm Payrolls report, policymakers are taking center stage. Federal Reserve Chair Jerome Powell reiterated on Wednesday that the Fed has the luxury of time to decide when to implement its first rate cut.
However, Powell's remarks did not exacerbate market concerns further. Additionally, ISM serviced data, where sticky inflation has been hanging out, indicated that price pressures in the sector eased significantly last month, toppling the dollar to its most significant decline in a month. These factors are expected to support Asian stocks on Thursday, allowing them to make up some ground from losses incurred in the previous trading session.
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Stock market today: Asia markets are mixed after Wall Street's strong manufacturing dataAsian shares are mixed after Wall Street retreated as surprisingly strong U.S. manufacturing data cast doubts over how soon the Federal Reserve might cut interest rates.
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Stock market today: Asia markets are mixed after Wall Street's strong manufacturing dataAsian shares are mixed after Wall Street retreated as surprisingly strong U.S. manufacturing data cast doubts over how soon the Federal Reserve might cut interest rates.
Leggi di più »