International Finance: Stocks extend Fed-fuelled rise in Asia; dollar dips: markets wrap

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 84%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Asian shares advanced with US and Europe futures on Thursday, extending a rally on Wall Street after Federal Reserve chair Jerome Powell said the central bank had made progress in its battle against inflation.

A benchmark of Asian stocks climbed as much as 1%, with Hong Kong-listed technology companies among the top performers. The picture was more mixed in Japanese and mainland China markets.

Positioning in US swaps markets assumes the Fed is getting closer to cutting rates as traders bet that economic conditions are likely to keep it from the additional rate increases that policymakers still anticipate. “US sector performance was consistent with the big rally in fixed income across the curve, which for Asia-Pacific should support duration proxies like tech and soft landing beneficiaries like consumer discretionary,” said Chamath De Silva, senior portfolio manager for BetaShares Holdings.

 

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:

 /  🏆 3. 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.

Electric cars gain record market share in Europe | BusinessElectric car sales set a new market share record in the European Union in 2022, industry figures showed Wednesday, as the region seeks to rid itself of fossil fuel cars. | News24_Business _Business Imagine you need to drive your car and we're in stage 6 of loadshedding They won't pass here _Business The Great thing in Germany, Switzerland and Scandavia, you don;t need to own any car, use a bike and public transport. When you need a car use a car share service via Mobile app. There taxes actually get used for services _Business This definitely won't work in South Africa. In this lawless South African shithole, those charging stations will be vandalised or stolen by entitled black power.
Source: News24 - 🏆 4. / 80 Read more »

Asian stocks slip as cautious investors await rates decisionsBig week includes central bank meetings and batch of earnings reports and economic data
Source: BDliveSA - 🏆 12. / 63 Read more »

Asian stocks steady ahead of Fed rate hike decisionThe US wages slowdown hints at a possible end to interest rate hikes as markets wait for Jerome Powell’s tone
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Asian stocks rise, US futures waver before Fed: markets wrapStocks in Asia advanced after US shares ended January on a high note as signs of cooling inflation encouraged risk appetite ahead of the Federal Reserve’s meeting on Wednesday.
Source: dailymaverick - 🏆 3. / 84 Read more »