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Asian Stocks Set to Gain as Fed Awaits More Data: Markets Wrap

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(Bloomberg) -- Equity markets in Asia look set to open higher as the Federal Reserve reiterated it’s in no rush to cut interest rates and will await more...

-- Equity markets in Asia look set to open higher as the Federal Reserve reiterated it’s in no rush to cut interest rates and will await more evidence that inflation is under control.Investors Spoiled for Choice With Top Ice Cream Makers for Sale

In China, the official manufacturing purchasing managers index expanded in March for the first time since September, the National Bureau of Statistics said in a statement Sunday. The reading suggests that the world’s second-largest economy has maintained traction after a solid start to the year and may give policymakers more time to assess the impact of previous stimulus measures.

Wall Street traders sent the S&P 500 to its 22nd record this year late last week. A $4 trillion surge in US equity values in just three months has startled doomsayers, while leaving a host of strategists scrambling to update their 2024 targets.

 

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