MSCI’s gauge of stocks across the globe .MIWD00000PUS slipped 0.06% in Asia on Wednesday from a 21-month high reached on Tuesday.
“With a cut today completely priced in, markets are looking to the Fed’s stance on its policy outlook,” said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management. Fading expectations of aggressive rate cuts by the Fed have lifted the two-year U.S. bond yield to 1.642% US2YT=RR, compared with a two-year low of 1.368% in early October.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks set to dip ahead of Fed interest rate decisionThe Fed is largely expected to slash interest rates by 25 basis points later this week. That would mark its third rate cut for this year. Why dip ? Fed will cut the rate
Source: CNBC - 🏆 12. / 72 Read more »
European stocks seen lower as investors watch US-China trade, big bank earningsEuropean stocks were seen slightly lower Wednesday morning amid reports that China is reluctant to commit to U.S. President Donald Trump's demands that it make significant purchases of American agricultural products.
Source: CNBC - 🏆 12. / 72 Read more »
European stocks seen flat as traders monitor trade, UK election pushEuropean stocks were seen flat on Tuesday morning as traders monitor progress in U.S.-China trade discussions and a fresh push from U.K. Prime Minister Boris Johnson for an early general election. From different angle, rising national debt, failure in implementing reforms related to bailouts, more central approach for economy and protectionism in trade as well giving administrative power to members don't belong to UK's financial way of business will make it hard for EU....
Source: CNBC - 🏆 12. / 72 Read more »