News Formal

Asian stocks strengthen but futures show bounce could be short lived

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Asian stocks rose on Wednesday as investors grew hopeful future global interest rate rises might become less aggressive amid early signs previous policy tightening was working to temper price pressures in some major world economies.

Investors are closely awaiting a crucial supply decision from OPEC+ due later Wednesday which could have global implications for already high energy prices and inflation.

OPEC+, which includes Russia and Saudi Arabia, could cut between 1 and 2 million barrels a day, according to aThe positive tone in Asian equities on Wednesday could prove to be short-lived though. "Investors have started to price in that central banks could start to slow the pace of their rate hikes and that is supportive for risk appetite," Clara Cheong, JPMorgan Asset Management's global strategist, told Reuters.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Asian Stock Market: Nikkei soars on positive market mood, DXY turns subdued, oil eyes $85.00Asian Stock Market: Nikkei soars on positive market mood, DXY turns subdued, oil eyes $85.00 – by Sagar_Dua24 Asia Nikkei DollarIndex SP500 NorthKorea
Source: FXStreetNews - 🏆 14. / 72 Read more »