A person walks in the rain near an electronic stock board showing Japan's Nikkei 225 index at a securities firm Tuesday, May 7, 2024, in Tokyo.
Hong Kong's Hang Seng shed 0.5% to 18,470.90. But the Shanghai Composite index recovered from early losses, gaining 0.3% to 3,148.56.While the Reserve Bank of Australia has likely set the bar high for any rate hikes, it “will probably need to see several more months of soft data before it is confident that it can loosen policy settings. All told, rate cuts will likely take longer to materialize than most are anticipating," Abhijit Surya of Capital Economics said in a commentary.
Tech stocks were at the forefront, with familiar ringleaders Nvidia and Super Micro Computer again pulling the market higher. They’ve had a couple hiccups recently, but a frenzy around artificial-intelligence technology has Nvidia up 86.1% for the year so far after Monday’s 3.8% gain. Super Micro is up 192.1% after its gain of 6.1%.
Goldman Sachs economist David Mericle said he still expects two cuts to rates this year, in July and November, afterThis week is relatively quiet. The bulk of companies in the S&P 500 have already reported their earnings for the first three months of the year, with more than three-quarters topping profit expectations, according to FactSet.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Stock market today: Asian shares rise, cheered by last week's tech rally on Wall StreetAsian shares are higher amid optimism over the rally that ended the week on Wall Street, although eyes are on the Federal Reserve policy meeting set for later this week.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian shares rise, cheered by last week's tech rally on Wall StreetAsian shares are higher amid optimism over the rally that ended the week on Wall Street, although eyes are on the Federal Reserve policy meeting set for later this week. Benchmarks rose in early Monday trading in Sydney, Seoul, Hong Kong and Shanghai. Trading was closed in Tokyo for a Japanese national holiday, Showa Day.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian shares rise, cheered by last week's tech rally on Wall StreetAsian shares are higher amid optimism over the rally that ended the week on Wall Street, although eyes are on the Federal Reserve policy meeting set for later this week.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian shares gain despite Wall Street’s tech-led retreatAsian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower in the S&P 500's worse losing streak since the start of
Source: Mynorthwest - 🏆 438. / 53 Read more »
Stock market today: Asian shares gain despite Wall Street's tech-led retreatAsian shares have advanced even after sinking technology stocks sent Wall Street lower again. U.S. futures were lower, while oil prices gained. On Wednesday, the S&P 500 index dipped 0.6% for its longest losing streak since early January. The Dow Jones Industrial Average edged 0.1% lower, and the Nasdaq composite fell 1.1%.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalateAsia stocks are mostly lower as worries about potentially escalating tensions in the Middle East rattle financial markets. U.S. futures rose and oil prices fell. The retreat in Asia on Monday following a mixed start to earnings reporting season that took the S&P 500 down 1.5% on Friday. The Dow dropped 1.2%, and the Nasdaq composite fell 1.
Source: AP - 🏆 728. / 51 Read more »