FILE - A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm in Tokyo, on Sept. 9, 2024. – Asian stocks were mixed on Monday with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and climbed to the cusp of their records.
Investors will closely watch 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. The Dow Jones Industrial Average jumped 0.7% to 41,393.78 and the Nasdaq composite added 0.7% to 17,683.98.
How much to cut rates by will be a delicate balancing act for the Fed: Lowering them relieves pressure on the economy but can also give inflation more fuel. Reportsshowed some underlying upward pressure may remain on inflation, which initially pushed traders to ratchet back expectations for the size of the Fed’s upcoming move.
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:
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian benchmarks dip after Wall Street's mixed finishAsian shares are trading mostly lower after Wall Street drifted to a mixed finish. Benchmarks fell early Wednesday in Tokyo, Seoul, Sydney, Hong Kong and Shanghai. Investors were watching for any market impact from the debate between Vice President Kamala Harris and former President Donald Trump. The U.S.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian benchmarks dip after Wall Street's mixed finishAsian shares are trading mostly lower after Wall Street drifted to a mixed finish.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian benchmarks dip after Wall Street's mixed finishAsian shares are trading mostly lower after Wall Street drifted to a mixed finish.
Source: wjxt4 - 🏆 246. / 63 Read more »
Asian stocks are mixed after Wall Street's best week of the yearAsian stocks are mixed as investors ponder the upcoming meeting of the Federal Reserve, while Wall Street coasted to the close of its best week since November with a slight uptick in U.S. stocks Friday.
Source: wjxt4 - 🏆 246. / 63 Read more »
Asian stocks are mixed after Wall Street's best week of the yearAsian stocks are mixed as investors ponder the upcoming meeting of the Federal Reserve, while Wall Street coasted to the close of its best week since November with a slight uptick in U.S. stocks Friday.
Source: ksatnews - 🏆 442. / 53 Read more »
Asian stocks are mixed after Wall Street’s best week of the yearAsian stocks were mixed Monday as investors ponder the upcoming meeting of the Federal Reserve, following Wall Street's best week since November with a
Source: Mynorthwest - 🏆 438. / 53 Read more »