A passerby walks past an electric screen displaying Japan's Nikkei share average and the Dow Jones Industrial Average in TokyoInvestors in Asia go into Thursday in a bullish mood with Asian stocks at two-year highs, boosted by strength in tech and calm across global markets that is keeping a lid on volatility and loosening financial conditions.
Economic activity and indicators remain sluggish though, and pressure to ease in the coming months is mounting. Inflation has been within the bank's 1.5%-3.5% target range for almost a year, but the U.S. Federal Reserve's 'higher for longer' policy stance and dollar's persistent strength have tempered rate cut hopes.
If U.S. financial conditions are a key driver for markets more broadly, investors in Asia should be bullish - they are now the loosest since March, according to Goldman Sachs, and the loosest in two and a half years, according to the Chicago Fed. Bill Gates' former assistant is worth $154 billion — and could soon be richer than the Microsoft cofounder
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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »