News Formal

Asian stocks bounce higher on signs rate hikes are working

  • 📰 Reuters
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Asian stocks rose on Wednesday as investors grew hopeful future global interest rate rises might become less aggressive amid early signs previous policy tightening was working to temper price pressures in some major world economies.

The S&P 500 has recorded its third-best start to an October since 1930, according to Macquarie analysts.

"Views are mixed as to whether markets have now bottomed out or whether this recovery will be short-lived."

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:

 /  🏆 2. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Nikkei soars on positive market mood, DXY turns subdued, oil eyes $85.00Asian Stock Market: Nikkei soars on positive market mood, DXY turns subdued, oil eyes $85.00 – by Sagar_Dua24 Asia Nikkei DollarIndex SP500 NorthKorea
Source: FXStreetNews - 🏆 14. / 72 Read more »