Asia stocks steady, dollar strong as markets reassess rates outlook

📆 07/02/2023 02:40 a. m.
📰 Reuters

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Asian share markets stabilised somewhat on Tuesday after steep losses in the past 24 hours, while the U.S dollar remained elevated as investors considered the prospects interest rates would remain higher for longer in many developed economies.

"Sentiment in markets is dominated by central banks and the repricing of rates yet again," Kerry Craig, JPMorgan Asset Management's global market strategist, told Reuters.

"It's a quiet week for economic data globally and when that is the case uncertainty over interest rates is the dominant theme among investors."

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