Bond yields in Asia climbed after Federal Reserve Chair Jerome Powell signaled patience before cutting interest rates further and as investors look ahead to the upcoming CPI data. Treasuries fell across the curve on Tuesday, with money markets still fully pricing in one rate cut by the Fed this year. Australia’s 10-year yield rose six … Read more
Asian equities rose, following a rebound in technology stocks that pushed Wall Street to a record high. Oil fell after President Donald Trump urged OPEC to lower crude prices and said he will push for interest-rate cuts. Equity benchmarks rose in Tokyo ahead of a key interest rate decision by the Bank of Japan later … Read more
Asian equities rose Thursday after US stocks set a fresh high ahead of inflation data that may define Federal Reserve policy easing in the coming months. Shares in Japan, South Korea and Australia climbed while Hong Kong equity futures also rose. An index of US-listed Chinese companies fell in New York trading, following the biggest … Read more
Stocks in Asia edged higher ahead of key events from the Federal Reserve and the Bank of Japan that will help define the global rates trajectory. The MSCI Asia Pacific Index climbed 0.2% as benchmarks in Japan, Australia and South Korea rose. That came after the S&P 500 and Nasdaq 100 indexes advanced on further … Read more
BNP Paribas expects Asian equities to outperform developed markets in 2023, but has downgraded its rating on India to “neutral” from “overweight” due to stretched valuations. Within the emerging market pack, BNP Paribas expects India to underperform other markets against the backdrop of the steep up-move seen in 2022. Currently, the BSE Sensex is trading … Read more