Futures for benchmarks in Australia and Hong Kong slipped while those in Japan were little changed. Contracts for US stocks were also steady in early Asia trading Wednesday after the S&P 500 closed down though off session lows, and both the five- and 10-year Treasury yields hit the highest levels since 2007.
Aside from expectations of a hawkish hold, investors will focus on the Fed’s updated quarterly rate projections — known as the dot plot — that will be released at the conclusion of the policy meeting. High on the watchlist will be whether these forecasts continue to reveal a median view for one more quarter-point hike this year and whether forecasts for 2024 scale back the 100 basis points of rate reductions that officials foresaw in June.
In Asia, China’s commercial banks are likely to lower prime rates on short-term loans for a second month in a row, while holding five-year rates steady, according to Bloomberg Economics. On the five-year benchmark, “other moves to support the housing market, including a recent expansion of first-home buyer benefits, make cutting the home loan benchmark less urgent,” according to BE.
Starbucks Corp. slipped as TD Cowen downgraded it to market perform, flagging “worrisome” pressures that could challenge same-store sales in China.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Asia Stocks Face Mixed Open With Focus on Rates: Markets Wrap(Bloomberg) -- Asian stocks are poised for a mixed opening, reflecting Wall Street’s cautious start to a week with rate decisions by major central banks that will likely set the tone for global markets for the rest of the year.Most Read from BloombergHow Auto Executives Misread the UAW Ahead of Historic StrikeVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingUS Marines Pause Flights as the Search Continues for Lost F-35Trillion-Dollar Industry Powering Chicago at Risk of Leavi
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »
Asia stocks slide amid China woes, Japan catches up on chip sell-offAsian shares sank on Tuesday, as worries about the Chinese property sector weighed on markets from Hong Kong to Australia, while Japanese investors sold chip stocks on their return from a holiday-extended weekend. Benchmark U.S. Treasury yields hovered near 16-year peaks and the dollar held close to six-month highs as traders braced for a Federal Reserve rate decision on Wednesday, in a week that also sees policy decisions from the Bank of Japan and Bank of England, among others. Japan's Nikkei tumbled 1.1% under the weight of big losses for chip-related stocks including Tokyo Electron and Advantest.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »
Asia stocks slide amid China woes, Japan catches up on chip sell-offBy Kevin Buckland TOKYO (Reuters) - Asian shares sank on Tuesday, as worries about the Chinese property sector weighed on markets from Hong Kong to ...
Bron: SaltWire Network - 🏆 45. / 63 Lees verder »
Stocks slide ahead of Fed meeting, Instacart IPO: Stock market news todayStocks fell on Tuesday as the Federal Reserve was set to begin its latest policy meeting.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »
Stocks slide as Fed meeting begins, Instacart IPO: Stock market news todayStocks fell on Tuesday as the Federal Reserve was set to begin its latest policy meeting.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »