Asia stocks set to slide as Fed members temper rate cut expectations

  • 📰 CNBC
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Stocks in Asia were set to open lower on Wednesday after officials from the U.S. Federal Reserve tempered expectations for a potential interest rate cut.

Federal Reserve Chairman Jerome Powell said the U.S. central bank is assessing whether current economic uncertainties call for lower rates, but noted the Fed will take a wait-and-see approach given how rapid recent economic changes have been.tempered expectations for a potential interest rate cut.in Japan. The Nikkei futures contract in Chicago was at 21,065, as compared to the benchmark index's last close at 21,193.81.

Shares in Australia were also poised to decline. The SPI futures contract was at 6,558.0, as compared to the

 

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:

 /  🏆 12. 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.

Trade stress hits stocks, dollar frets on Fed dovesAsian shares were haunted by trade anxiety Tuesday while the risk of more dovish... I c
Source: Reuters - 🏆 2. / 97 Read more »

Stocks drop after Fed comments and disappointing consumer data—What seven investors are watching nowThe June consumer sentiment index came in 10 points below expectations, even as hopes grew for this week's G-20 economic summit in Japan. Still, the markets opened down. Here's what seven investors are watching now.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks in Asia set to decline as investors await Trump-Xi meetingStocks in Asia were poised to see opening declines on Tuesday. Meanwhile, investors await a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen later in the week.
Source: CNBC - 🏆 12. / 72 Read more »