Asian stocks rise as tech tracks Wall St rally; Hawkish Fed limits gains
Investing.com-- Most Asian stocks rose on Thursday as the technology sector tracked an overnight rally on Wall Street, although overall gains were limited after the Federal Reserve slashed its outlook for interest rate cuts.
The move comes after the BOJ hiked rates for the first time in 17 years in March, and marked an end to its yield curve control policies. It had also flagged an eventual reduction in its bond purchases, which it is expected to enact this week. Chinese markets lagged as sentiment towards the country was battered by reports of more U.S. trade scrutiny against the country. TheRisk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stock futures rise as Wall St hits record highs despite hawkish FedUS stock futures rise as Wall St hits record highs despite hawkish Fed
Read more »
Stock Market Today: S&P 500 ends above 5,400 for first time despite hawkish FedStock Market Today: S&P 500 ends above 5,400 for first time despite hawkish Fed
Read more »
WTI turns red below $80.00, Fed’s hawkish remarks limit gainsWestern Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.90 on Wednesday.
Read more »
Ignore hawkish FOMC minutes, Fed will cut rates in 2024: UBSIgnore hawkish FOMC minutes, Fed will cut rates in 2024: UBS
Read more »
Asia FX subdued as Fed minutes approach; NZD surges on hawkish RBNZAsia FX subdued as Fed minutes approach; NZD surges on hawkish RBNZ
Read more »
Minutes from Fed's May meeting to show members leaning hawkish: BofAMinutes from Fed's May meeting to show members leaning hawkish: BofA
Read more »