Asia Stocks to Rise After US Brushes Off Hot PPI: Markets Wrap

-- Equity markets in Asia are poised to open higher after US shares gained for a fourth day as traders shrugged off a hotter-than-estimated wholesale inflation reading.Futures for benchmarks in Japan and Hong Kong gained, while contracts in Australia were slightly higher. The S&P 500 capped the longest winning streak since August on Wednesday as investors focused on less hawkish comments from Federal Reserve speakers. Contracts for US stocks edged higher in early Asian trading.

For Krishna Guha at Evercore, Waller’s remarks confirm “a lot has changed” since the Fed’s September gathering, when officials “were not at all focused on the surge in bond yields that had taken place by the time of that meeting.”Fed minutes Wednesday showed that central bank officials agreed last month that US policy should remain restrictive for “some time” to keep cooling down inflation — while noting risks had become more balanced.

That’s pushed an indicator known as earnings-revision momentum — a gauge of upward-to-downward changes to expected per-share earnings over the next 12 months — to roughly positive territory and well over its November 2022 low of negative 70%, according to data compiled by Bloomberg Intelligence. It’s the most positive reading ahead of an earnings season since the first quarter of 2022, with forecasts recently only getting marked up after executives deliver the latest guidance.

'Don't invest in the US': Jeremy Grantham just issued a warning over American stocks, saying S&P 500 could crash by over 50% if 'a couple of wheels' fall off — here's where to look insteadThis is a rare opportunity to earn $1,000 in annual passive income for decades with less than $12,300 investment in this super dividend stock. The post Buy 282 Shares of This Super Dividend Stock for $1,000/Year in Passive Income appeared first on The Motley Fool Canada.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks rise on dovish Fed remarks, China stimulus - BNN Bloomberg​European shares rallied after dovish comments by Federal Reserve officials and the prospect of more economic stimulus by China brought some risk appetite back to markets as investors continue to evaluate the potential impact of the Israel-Hamas conflict.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

U.S. stocks rise as Wall Street dials back Fed wagers - BNN BloombergStocks rose as Treasury yields fell after comments from U.S. Federal Reserve officials bolstered speculation the central bank is heading toward another pause in interest rate hikes. Oil edged lower, following its biggest rally since April.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Global Funds Exit EM Asia Stocks in Longest Streak in 16 Months - BNN BloombergAsia’s emerging equities, excluding China, are poised to see the longest streak of foreign outflows in more than a year as expectations that US rates may remain higher for longer weighed on investor sentiment.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets rise amid interest rate optimism while energy stocks fuel TSX gainsTORONTO — Canada's main stock index gained more than 250 points Tuesday amid a broad-based rally led by energy stocks, while U.S. markets also rose on hopes that interest rates may have reached their peak.
Source: SooToday - 🏆 8. / 85 Read more »

Asia Stocks Set to Follow US Gains on Rate Outlook: Markets Wrap - BNN BloombergAsian stocks are poised to open higher after US equities were buoyed by Wall Street scaling back wagers on Federal Reserve rate hikes. Oil edged lower, following its biggest rally since April.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asia Stocks Set to Follow US Gains on Rate Outlook: Markets Wrap(Bloomberg) -- Asian stocks are poised to open higher after US equities were buoyed by Wall Street scaling back wagers on Federal Reserve rate hikes. Oil...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »