Asian Stocks Eye Fed Bounce After Powell Speech: Markets Wrap

-- Most Asian stocks look poised to gain early Monday, after Wall Street was cheered by signals from Federal Reserve Chair Jerome Powell that US interest rates will be cut from next month.With Housing Costs High, Democrats Hone YIMBY Message

While markets had already priced in the start of policy easing in September, investors welcomed Powell’s comments. All major groups in the S&P 500 gained, with the gauge up over 1%. An MSCI index of global shares hit an all-time high. The Bloomberg “Magnificent Seven” gauge of megacaps rose 1.7%. The Russell 2000 of small firms jumped 3.2%.

Swap traders on Friday were pricing in 102 basis points of easing this year, which implies a reduction at every remaining policy meeting through December, including one jumbo 50-basis-point cut. A rally in Treasuries was led by shorter maturities, with the two-year yield breaking below 4%. The dollar lost 1%.

SS&C Technologies Holdings, Inc. : A Good Stock to Buy According to Value Investor Oilfield Partners?

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 Stocks Eye Early Gains Into BOJ, Fed Week: Markets Wrap(Bloomberg) -- Asian stocks are poised to rise in early trading ahead of a week of key central bank decisions in Japan, US and UK, as well as some big tech...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Eye Mixed Start as Volatility Wanes: Markets Wrap(Bloomberg) -- Asian stocks were poised for a mixed open on Monday as traders shifted focus to key US data prints this week after a volatile start to August....
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks rise as Powell says 'time has come' to begin cutting interest ratesInvestors are bracing for a pivotal speech by Fed Chair Jerome Powell that is likely to shape expectations on policy, the economy, and the future path of...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq leads stocks higher as Powell waits in the wingsInvestors are bracing for a pivotal speech by Fed Chair Jerome Powell that is likely to shape expectations on policy, the economy, and the future path of...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »