HONG KONG — Asian stocks were mostly higher on Monday, supported by key rate decisions last week from the U.S. Federal Reserve, Japan, China and Britain.Chinese stocks got a lift after the central bank lowered its 14-day reverse repurchase rate to 1.85% from 1.95% on Monday after opting to keep key lending rates unchanged last week. Markets had been anticipating a cut.
That weakened the Japanese yen, which tumbled back from last week’s peak of around 140 to the U.S. dollar. The dollar was trading at 143.98 yen on Monday. Critics also say the U.S. stock market may be running too hot on the belief the Federal Reserve will pull off what seemed nearly impossible earlier: getting inflation down to 2% without creating a recession.Last week, also, the Bank of England kept its main interest rate on hold at 5% in the wake of the Fed's move.
In other dealings early Monday, U.S. benchmark crude oil rose 44 cents to $71.44 per barrel. Brent crude, the international standard, added 42 cents to $74.91 per barrel.Rachel Reeves’ first Labour conference speech as Chancellor comes against a backdrop of rows over cuts to winter fuel payment eligibility.
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:
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 mixed after Wall Street extends losses as technology and energy stocks fallHONG KONG (AP) — Asian markets were mixed Thursday following a global sell-off a day earlier, as Wall Street declined in the technology, energy and other...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Asian stocks log modest gains as data show China's economy slowing furtherHONG KONG (AP) — Asian stocks started the week with modest gains after U.S. stocks finished their best week of the year, approaching record levels.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Asian Stocks Under Pressure Ahead of Fed Decision: Markets Wrap(Bloomberg) -- Most Asian stocks were poised for declines early Tuesday following a mixed session on Wall Street where traders boosted bets the Federal...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Asian Stocks Set to Slide as Nvidia Disappoints: Markets Wrap(Bloomberg) -- Stocks in Asia slipped as Nvidia Corp. earnings lacked the wow factor to impress investors, while Chinese results helped extend a selloff in...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Asian Stocks Set to Fall as Tech Drags Wall Street: Markets Wrap(Bloomberg) -- Asian equities are poised to come under pressure Tuesday after technology stocks dragged down Wall Street as traders repositioned ahead of...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Asian Stocks Poised to Fall as China Economic Worries GrowConcerns over the health of the Chinese economy are driving Asian stock markets lower on Monday, while US equity futures remain steady. Factors contributing to the bearish sentiment include government spending cuts in China, a rising youth unemployment rate, and potential new US regulations banning Chinese hardware and software from connected vehicles.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »