Asia Stocks Poised to Follow US Higher Post-Fed: Markets Wrap

-- Asian stocks are set to track US peers higher as the Federal Reserve’s cautious outlook on interest rates did little to alter Wall Street’s bets on cuts.Futures on equity benchmarks in Australia, Japan and Hong Kong pointed to markets opening higher on Thursday. Contracts on the S&P 500 rose in early Asian trading after the US benchmark topped 5,400 for the first time in its history, with Wednesday marking the 20-month anniversary of the bull market.

Meanwhile, the Bank of Japan starts its two-day policy meeting with a decision due on Friday. While authorities are expected to keep rates on hold, they are widely seen to consider reducing bond purchases.The change in the Fed rate outlook showed up most in Treasuries and the dollar. The policy-sensitive two-year pared its yield drop by about half to eight basis points. A gauge of the greenback’s strength traded steady Thursday after falling 0.2% in its previous session.

Powell said the officials welcomed the latest inflation figures, adding that he hopes for more reports like that. He said Wednesday’s figures had helped build their confidence on the trajectory of inflation but not enough to warrant rate cuts at this time. New York Fed President John Williams moderates a discussion with Treasury Secretary Janet Yellen, ThursdayChicago Fed President Austan Goolsbee speaks, FridayThe Bloomberg Dollar Spot Index was little changedThe offshore yuan was little changed at 7.2616 per dollarSpot gold fell 0.1% to $2,322.02 an ounceThis 8.1% Dividend Stock Pays Cash Every Month

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.

Stock market today: Stocks tread water with Dow poised for another bid for 40,000Stocks trod water as investors assess the chances of the Dow succeeding in another bid to cross 40,000 for the first time.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Poised to Fall; Treasury Yields Sink: Markets WrapAsian shares are set to dip on Tuesday, following a listless US session where the main focus was the bond market’s sudden climb after weak data bolstered bets the Federal Reserve will cut interest rates this year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asian Stocks to Follow US Lower as Yields Climb: Markets WrapAsian stocks are set to fall after bonds and shares fell in the US, as another weak sale of Treasuries boosted concern that funding the US deficit will drive up yields at a time when the Federal Reserve is in no rush to cut rates.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asian Stocks to Follow US Lower as Yields Climb: Markets Wrap(Bloomberg) -- Asian stocks are set to fall after bonds and shares fell in the US, as another weak sale of Treasuries boosted concern that funding the US...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks to Follow US Rally With Focus on CPI: Markets Wrap(Bloomberg) -- Stocks in Asia are poised to follow a big tech-led rally in US benchmarks, as investors look to key inflation data later Wednesday for clues...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks to Follow US Rally With Focus on CPI: Markets WrapStocks in Asia are poised to follow a big tech-led rally in US benchmarks, as investors look to key inflation data later Wednesday for clues on the Federal Reserve’s next steps.
Source: BNNBloomberg - 🏆 83. / 50 Read more »