Asian stocks struggle to extend Wall Street rally: Markets wrap

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 77%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Bitcoin rose 1.6% to $72 173.82.

Stocks in Asia struggled for momentum as a rally in China took a breather and a round of robust wage-hike deals in Tokyo spurred bets that the Bank of Japan’s interest-rate hike is imminent.

The report on Toyota “strengthened speculation of a BOJ policy revision, leading to a strengthening of the yen and an overall decline in stocks,” said Masahiro Yamaguchi, a senior market analyst at SMBC Trust & Banking Ltd. Still, as Toyota has the biggest impact among all the spring wage negotiations, “there will unlikely be further news that will drag the market lower,” he added.

Traders held on to Federal Reserve rate cuts for this year even after US inflation came in higher than expected. The relative sense of calm in the face of a strong print was unusual, marking a break from how stocks have traded on CPI days since the Fed started lifting rates.

 

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:

 /  🏆 5. 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.

Asian stocks drop after global markets fall on tech sell-offAsian shares mostly slumped on Wednesday after global markets fell as traders locked in profits following recent tech-driven rallies. Traders were underwhelmed and global equities wobbled.
Källa: brieflyza - 🏆 10. / 68 Läs mer »