Asian Stocks to Mirror US Rally as Inflation Slows: Markets Wrap

Futures for Australian and Japanese equities rose. The S&P 500 climbed 1.2% and the Nasdaq 100 advanced 1.5% to place each benchmark at fresh highs. Hong Kong shares will resume trading on Thursday after a holiday.Australian and New Zealand government bonds rallied Thursday following gains in Treasuries which pushed yields lower across the curve.

“We see the April print as consistent with a direction of travel for inflation dynamics that – in the context of moderation in the real economy – can yield a September cut followed by a second in December,” said Krishna Guha at Evercore. “The market likes it,” said Gary Pzegeo at CIBC Private Wealth US. “The news on core inflation was better than expected. Retail sales also showed some deceleration from the previously hot consumer sector. Taken together, this supports a Fed rate-cut in the fall.”

Fed Bank of Minneapolis President Neel Kashkari repeated the central bank likely needs to keep rates at the current level for “a while longer,” and questioned how much they’re restraining the US economy.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Asian Stocks to Follow US Rally With Focus on CPI: Markets Wrap(Bloomberg) -- Stocks in Asia are poised to follow a big tech-led rally in US benchmarks, as investors look to key inflation data later Wednesday for clues...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Asian Stocks to Follow US Rally With Focus on CPI: Markets WrapStocks in Asia are poised to follow a big tech-led rally in US benchmarks, as investors look to key inflation data later Wednesday for clues on the Federal Reserve’s next steps.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

Stock market today: Asian shares trade higher after Wall St rally takes S&P 500 near recordTOKYO (AP) — Stocks in Asia traded higher Friday after a rally on Wall Street that pulled the S&P 500 back within 1% of its record. Benchmarks rose in Tokyo,...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: Asian shares rise, cheered by last week's tech rally on Wall StreetTOKYO (AP) — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: Asian shares track Wall Streets rally, led by a 2.4% jump in TokyoHONG KONG (AP) — Asian shares have tracked Wall Street’s rally, led by a 2.4% advance for Tokyo’s benchmark Nikkei 225 index powered by strong gains for...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: S&P 500 breaches 5,300 as stocks rally to records after CPIStocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »