Asian stocks edge higher from weekly losses, more rate cues awaited

Investing.com-- Most Asian stocks advanced on Monday, recovering some ground from losses seen last week although anticipation of more cues on U.S. inflation and interest rates later this week.

U.S. stock index futures fell slightly in Asian trade, with volumes expected to remain low with the Memorial Day holiday.grew at a steady pace in April from the prior month, signaling steady improvement in one of the country’s biggest industries. Dwindling expectations of U.S. interest rate cuts were a key weight on Asian stocks last week, as traders largely priced out bets on a cut in September.added 0.7%, buoyed by some gains in technology stocks.

United States United States Latest News, United States United States Headlines

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

Stock market today: Asian shares track Wall Street’s slide on worries over interest ratesAsian shares are mostly lower after a retreat on Wall Street following strong economic reports that raised the possibility of interest rates staying painfully high. U.S. futures edged higher and oi…
Source: mercnews - 🏆 88. / 68 Read more »

Stock market today: Asian shares track Wall Street's slide on worries over interest ratesAsian shares have retreated after strong reports on the U.S. economy raised the possibility that interest rates may stay painfully high. U.S. futures edged higher and oil prices also rose. On Thursday, the S&P 500 fell 0.7% and pulled further from its record set earlier this week.
Source: AP - 🏆 728. / 51 Read more »