News Formal

Asia Stocks Set to Follow US Gains on Fed Outlook: Markets Wrap

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 50%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Shares in Asia are poised to follow Wall Street gains after US economic reports pointed to slowing growth, adding to bets the Federal Reserve is nearing the end of its tightening cycle.

Equity futures for Japan, Australia and Hong Kong all rose. The S&P 500 advanced for a fourth day Wednesday, extending this week’s gains to 2.5%. The tech-heavy Nasdaq 100 has climbed 3.5% this week.

The underwhelming numbers supported predictions for the Fed to ease back on interest-rate hikes. Swap contracts are now pricing in less than a 50% chance of another quarter-point increase this year. In China, investors are focused on official purchasing managers index data due Thursday that is forecast to show further weakness in manufacturing and slowing growth in services.

Elsewhere, Country Garden Holdings Co. signaled it may default on its debt after the embattled Chinese developer posted a record first-half loss of almost $7 billion.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 83. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Why the TSX is set to outperform U.S. stocks over the next 10 yearsIt seems increasingly likely the bank and resource dominated TSX is positioned to outperform the tech-heavy S&P over the coming decade
Källa: globeandmail - 🏆 5. / 92 Läs mer »

China stocks see gains amid property market pressuresYahoo Finance Markets Reporter Ines Ferre examines Chinese stocks, such as Alibaba (BABA), JD.com (JD), and Baidu (BIDU), after investors bought the dip on China's markets, while also taking a look at the property manager Country Garden (2007.HK) first-half results amid liquidity pressures.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »