US EditionMarkets Rise on Growing Rate Cut Hopes
U.S. inflation data raised hopes for a Federal Reserve rate cut next month, boosting Asia-Pacific markets and Wall Street with multiple record highs, analysts said.
- Next month, Asia-Pacific markets are expected to open higher while London’s FTSE 100 rose 0.2 percent at 9,147.81, as U.S. inflation data lifted rate-cut hopes.
- Hopes of U.S. rate cuts after soft inflation data cheered equity investors across Asia, lifting Japan’s Nikkei to a second record high, as the Federal Reserve could cut rates next month.
- Tokyo’s Nikkei 225 futures traded at 43,325 versus last close of 42,718.17, and Australia’s S&P/ASX 200 futures eased to 8,852 from 8,880.8.
- The S&P 500 index climbed 0.8% on Tuesday to a new intraday high, with the Nasdaq Composite also reaching a fresh peak after U.S. tariff data proved less damaging.
- The euro strengthened to $1.1684 and the pound to $1.3505 amid risk-on flows, with oil prices edging lower after OPEC raised its 2026 demand forecast.
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Optimism goes into the middle of the week: the DAX starts this day with profits. It is mainly supported by records in the USA and Asia, after US inflation data stirred up the hope of interest rate cuts.[more]]>
·Hamburg, Germany
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Coverage Details
Total News Sources65
Leaning Left6Leaning Right8Center11Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 24%
C 44%
R 32%
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