Traders eye the upcoming inflation report following FOMC minutes revealing economic uncertainty.
Markets cut the odds of a November Fed hike to 9%, down from 13.2% the day before, while a 70% chance suggests rates have peaked.
Hong Kong’s Hang Seng index jumped 1.8%, driven by a 3% surge in banking shares after Central Huijin Investment, China’s state fund, raised stakes in the big four banks. China’s blue chips rose 0.7%. US Fed Governor Christopher Waller on Wednesday said higher market interest rates may help the Fed slow inflation, and let it “watch and see” if its own policy rate needs to rise again or not.
Markets moved to further trim the chance of a Fed hike in November to just 9%, down from 13.2% a day earlier, and there is a 70% chance that the rate is already at its peak, according to CME FedTool. Alan Ruskin, chief international strategist at Deutsche Bank AG, said an upside surprise in the core rate of 0.4% or more would catch investors off guard, although geopolitical risk is likely to deter the bond market from trading too bearishly on stronger data.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Dollar loses steam ahead of Fed minutes, US inflation testTraders await interest rate insights following recent dovish remarks from US central bank officials.
Leggi di più »
Asian shares rise after Fed comments, Middle East in focusTop officials signalled that the Treasury yield gains might reshape future rate hike strategies.
Leggi di più »
Asian stocks hit 2-week high as Fed talk turns dovishRising long-term yields could help rein in inflation, reducing the central bank’s short-term rate control.
Leggi di più »
Mongolia’s president begins visit to FranceThe East Asian country is seeking to build ties with countries beyond its authoritarian neighbours.
Leggi di più »
Bursa could stay subdued on Middle East conflictWith the spike in the oil and gold prices, traders may focus on these sectors, says analyst.
Leggi di più »
32-medal achievement in Hangzhou Asiad silences national sports criticsKUALA LUMPUR: The national contingent’s achievement in clinching a total of 32 medals at the 2022 Hangzhou Asian Games should dispel the notion of cer...
Leggi di più »