Asian stocks slip as cautious investors await rates decisions

Hong Kong — Asian shares traded cautiously and bonds nursed small losses on Tuesday as investors braced for an eventful week that includes central bank meetings, a slew of earnings reports and US economic data.

“It’s a big week for both central banks and US equities, with some of the household names due to make earnings announcements that will provide a micro overview of the macro economy,” ANZ analysts said in a note. On Monday, US stocks lost ground with the major indices sinking, weighed down by declines in technology and other giant corporations’ shares.

At the end of the Fed’s two-day policy meeting on Wednesday investors will be glued to chair Jerome Powell’s news conference for clues on whether the rate-hiking cycle may be coming to a close, and for signs of how long rates could stay elevated.

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 shares inch down amid looming rates hikes and earningsThe performance by tech giants will test the mettle of Wall Street bulls, who aim to propel the Nasdaq to its best January since 2001
Source: BDliveSA - 🏆 12. / 63 Read more »

BUSINESS REFLECTION: After the Bell: The big Ts of the car world circle each other uneasilyTesla, with its small, five-car range of electric vehicles could not be more different from Toyota, which accounts for one in 10 cars sold around the world. After two potentially industry-shifting announcements this week, one must ask: which of these two companies is in more trouble? The answer is both and neither.
Source: dailymaverick - 🏆 3. / 84 Read more »