capped a tumultuous week.The key focus in Asian markets this week will be the Bank of Japan’s monetary policy meeting on Wednesday, where investors widely expect the central bank to raise its key interest rate from its near-zero level to perhaps up to 0.3%.
Since the Federal Reserve began raising interest rates in March 2022 to counter inflation, he added, “the big market blunder has been prematurely anticipating rate cuts — way too early and far too aggressively. It’s like expecting dessert before finishing the main course.” Australia’s S&P/ASX 200 advanced 0.8% to 7,988.20. In South Korea, the Kospi jumped 1.2%, to 2,765.05.On Friday, the S&P 500 jumped 1.1% to 5,459.10 for its best day in seven weeks after 3M and several other big companies delivered better profits for the spring than analysts expected. The Dow Jones Industrial Average soared 1.6% to 40,589.34, while the Nasdaq composite climbed 1% to 17,357.88.
They were under pressure after the latest profit reports from Tesla and Alphabet raised worries that investors had gotten carried away in their frenzy around artificial-intelligence technology and taken Magnificent Seven prices too high. Stocks broadly got a boost from Friday’s latest update on inflation, which further cemented investors’ expectations for coming cuts to interest rates.
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Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixedAsian stocks fell on Wednesday as markets digested Japanese and Australian business data, after U.S. stocks held relatively steady as earnings reporting
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Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixedAsian stocks are lower as markets digest Japanese and Australian business data, while U.S. stocks held relatively steady as earnings reporting season ramped up for big companies. U.S. futures fell while oil prices were higher. The S&P 500 fell 0.2% Tuesday. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite edged down 0.1%.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »
Stock market today: Asian shares are mixed after Wall Street breaks losing streakShares are mixed in Asia after a rally on Wall Street. U.S. futures edged lower and oil prices were little changed. On Monday, the S&P 500 rose 1.1%, breaking a three-day losing streak. It was the first gain for the index since setting an all-time high early last week. The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite gained 1.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »
Stock market today: Asian stocks mixed with volatile yen after Wall Street rises on inflation reportAsian stocks are mixed, with the Japanese yen losing some of its gains after the latest U.S. update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September.
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Stock market today: Asian stocks mixed with volatile yen after Wall Street rises on inflation reportAsian stocks are mixed, with the Japanese yen losing some of its gains after the latest U.S. update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September.
مصدر: wjxt4 - 🏆 246. / 63 اقرأ أكثر »
Stock market today: Asian stocks mixed with volatile yen after Wall Street rises on inflation reportAsian stocks are mixed, with the Japanese yen losing some of its gains after the latest U.S. update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September. U.S. futures and oil prices rose in Friday trading. The dollar lost 2.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »