HONG KONG — Asian stocks started the week with modest gains after U.S. stocks finished their best week of the year, approaching record levels.
Investors will be closely watching the Federal Reserve’s policy meeting on Tuesday and Wednesday, when the central bank is expected to announce its first interest rate cut since 2020. The Bank of Japan’s policy meeting on Thursday and Friday is expected to leave Japan's rate unchanged. Stocks also got support from the bond market, where Treasury yields eased ahead of the Fed's meeting. The unanimous expectation on Wall Street is for the Fed to deliverThe Federal Reserve has been keeping its main interest rate at a two-decade high to slow the economy enough to stifle high inflation.
In energy trading, benchmark U.S. crude gained 41 cents to $68.16 a barrel. Brent crude, the international standard, added 29 cents to $71.90 a barrel.£52m man details exactly what Maresca asked him to do against Bournemouth