Asia-Pacific markets fell on Friday, mirroring moves on Wall Street after comments from U.S. Federal Reserve officials fueled worries that the central bank could hold off on rate cuts.
S&P will also release its business activity numbers for Hong Kong, while the Reserve Bank of India will announce its rate decision later in the day. A Reuters poll of economists expects the RBI to hold its benchmark lending rate at 6.5%., however, is expected to rise as trading resumes after a public holiday, with HSI futures at 16,860, compared to the HSI's close of 16,725.1.
CNBC Pro screened for global stocks that have received price target upgrades from five or more analysts in the past seven days and have a potential upside of over 25%.Portfolio manager Barbara Doran has revealed a number of her favorite stocks, reiterating a bullish outlook on the stock market more broadly.
Minneapolis Federal Reserve President Neel Kashkari on Thursday expressed caution that interest rate cuts might not happen this year unless there's more progress on inflation.
Source: Financial Digest (financialdigest.net)
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