Asian stocks rise on tech rally, Fed rate cut wagers

SINGAPORE - Asian shares rose to their highest in three weeks on Wednesday, buoyed by a rally in tech stocks, while the dollar wobbled after soft U.S. retail sales data reinforced expectations of the Federal Reserve cutting rates later this year.

" Fed will need more data to support its case for a rate cut and investors should not overact to one or two data points," said Vasu Menon, managing director of investment strategy at OCBC. Fed officials, heartened by recent data, are looking for further confirmation that inflation is cooling and for any warning signs from a still-strong labour market as they steer cautiously toward what most expect to be an interest rate cut or two by the end of this year.The single currency has been under pressure in the wake of French President Emmanuel Macron calling for a snap election following a trouncing of his ruling centrist party in the European Parliament elections.

Kyle Chapman, FX markets analyst at Ballinger Group, said Wednesday's May inflation report will be the deciding factor and a cut could still be on the table if services inflation gets back on track. Minutes of Bank of Japan's April policy meeting showed policymakers debated the impact a weak yen could have on prices, with some flagging the chance of raising interest rates sooner than expected if inflation overshoots.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Asian stocks rise as tech tracks Wall St rally; Hawkish Fed limits gainsAsian stocks rise as tech tracks Wall St rally; Hawkish Fed limits gains
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Stock market today: Asian shares are mixed ahead of a Fed decision on interest ratesShares are mixed in Asia ahead of a decision by the Federal Reserve on interest rates.
مصدر: ksatnews - 🏆 442. / 53 اقرأ أكثر »

Stock market today: Asian shares are mixed ahead of a Fed decision on interest ratesShares are mixed in Asia ahead of a decision by the Federal Reserve on interest rates. In Japan, higher inflation and falling wages have raised questions about how the central bank can navigate away from near-zero interest rates. The Bank of Japan will issue a policy decision on Friday.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »

Stock market today: Asian shares are mixed ahead of a Fed decision on interest ratesShares are mixed in Asia ahead of a decision by the Federal Reserve on interest rates.
مصدر: wjxt4 - 🏆 246. / 63 اقرأ أكثر »

Stock market today: Asian stocks are mixed ahead of this week's Fed meetingAsian stocks are mixed in a busy week with several top-tier reports on U.S. inflation due along with a policy meeting of the Federal Reserve. Shares slipped Tuesday in Sydney, Hong Kong and Shanghai, but rose in Tokyo and Seoul. U.S. futures and oil prices fell. The S&P 500 rose 0.3% Monday, topping the record it set last week.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »

Asian stocks rangebound with Fed minutes, Nvidia earnings in focusAsian stocks rangebound with Fed minutes, Nvidia earnings in focus
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »