An Asian equity gauge was headed for a fifth weekly advance and its highest close since April, supported by gains in Japan, South Korea and Australia.
The S&P 500 closed at the highest level in more than a month, reflecting a jump in tech stocks. The Nasdaq 100 rose 2% to the highest level since September, led by an 11% gain for Tesla as Elon Musk teased potential for the carmaker to produce 2 million vehicles this year. “The latest Tokyo inflation report underscores rising price pressure and that could continue to drive speculation of another monetary policy adjustment by the Bank of Japan and further Japanese yen strength,” said Fiona Lim, senior currency analyst at Malayan Banking in Singapore.
The Federal Reserve is expected to boost rates by 25 basis points next week amid bets the central bank is approaching the end of its tightening cycle. Yet officials are signalling that rates will stay high through the rest of this year.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Suspected international kidnapping kingpin's bail application exposes wealth and business empireEsmael Nangy, who has eight children through his two wives, launched his bail application in court on Thursday. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Randy_Fxhelpsand started Bitcoin trading, I earned R150,000 in 3 weeks thanks Randy_Fxhelps
Source: TimesLIVE - 🏆 28. / 59 Read more »