All articles tagged with #us rate cuts
Global stocks rose as investors anticipated potential US interest rate cuts following a weak US jobs report that led to a reassessment of the economic outlook, causing volatility in currencies and commodities, with concerns over the credibility of US economic data and political influences on the Fed.
Asian stock markets rallied as the yen fell against everything except the dollar, boosting Japanese stocks, while commodities like gold, oil, and copper reached new highs. Federal Reserve Chair Jerome Powell reaffirmed the possibility of U.S. rate cuts, though the timing remains uncertain. Optimism about global growth was fueled by a recovery in recent factory surveys, particularly in China. The rise in yields has been generally supportive of the dollar, with gold climbing 13% since February and oil prices surging due to supply disruptions and geopolitical tensions.
Japanese stocks, led by the Nikkei, reached a near 34-year high, while Asian equities remained subdued ahead of U.S. inflation data. U.S. rate futures are pricing around 140 basis points of rate cuts this year, with focus on Thursday's U.S. consumer price data. Geopolitical tensions and disruptions in the Red Sea and Libya raised oil prices, while foreign exchange and fixed income markets traded cautiously. Chinese lending figures are also awaited, with expectations of further easing amid dour investor sentiment.