Monetary policy decisions from New Zealand and Indonesia are the main points of focus in Asia on Wednesday, as debate over the timing of the first U.S. rate cut ebbs and flows, and lofty equity markets consider their next step.
After Morgan Stanley's Mike Wilson rowed back on his long-standing gloomy outlook for Wall Street on Monday, another prominent bear, JP Morgan's Marko Kolanovic, reiterated his view that U.S. stocks are too expensive and should head south. The Reserve Bank of New Zealand and Bank Indonesia are both expected to leave their key interest rates on hold, at 5.50% and 6.25%, respectively, according to Reuters polls.The RBNZ is only expected to cut its cash rate once this year, and probably not until the final quarter. Money markets are a bit more dovish, and are currently pricing in 45 basis points of easing by year-end.
Bank Indonesia Indonesia Asian Markets Nvidia Interest Rates Monetary Policy Stock Markets
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UBS Names Three New Debt Heads in Australia and New ZealandUBS Group AG has made a slew of leadership appointments for its debt capital markets business in Australia and New Zealand as it expands that business around the world.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Australia and New Zealand sending planes to evacuate nationals from New Caledonia's unrestSYDNEY (AP) — The Australian and New Zealand governments announced Tuesday they were sending planes to evacuate their nationals from violence-scorched New Caledonia.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »
Australia and New Zealand sending planes to evacuate nationals from New Caledonia's unrestSYDNEY (AP) — The Australian and New Zealand governments announced Tuesday they were sending planes to evacuate their nationals from violence-scorched New Caledonia.
Source: PGCitizen - 🏆 65. / 51 Read more »
Australia and New Zealand sending planes to evacuate nationals from New Caledonia's unrestSYDNEY (AP) — The Australian and New Zealand governments announced Tuesday they were sending planes to evacuate their nationals from violence-scorched New Caledonia.
Source: SooToday - 🏆 8. / 85 Read more »
Australia and New Zealand sending planes to evacuate nationals from New Caledonia's unrestSYDNEY (AP) — The Australian and New Zealand governments announced Tuesday they were sending planes to evacuate their nationals from violence-scorched New Caledonia .
Source: PGCitizen - 🏆 65. / 51 Read more »
Macron heads to New Caledonia as Australia, New Zealand send evacuation flightsFrance’s High Commission in New Caledonia says the airport remained closed for commercial flights, and it will deploy the military to protect public buildings
Source: globeandmail - 🏆 5. / 92 Read more »