Published 1 year ago

Asian markets retreat as strong economic data hits hopes for dovish Fed

Summary by Ground News

Fitch Ratings revises down global growth for 2023 to 1.4%, down from 1.7%. China's growth forecast is cut to a 4.1% annual pace from 4.5%. The Fed is meeting next week and is expected to raise interest rates by a half-percentage point. Wall Street will get a weekly update on unemployment claims Thursday.

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Associated Press News

World shares lower as strong data hit hopes for dovish Fed

BANGKOK (AP) — World stocks were mostly lower on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted the challenges the Federal Reserve faces in battling inflation.

1 year ago·United States

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abc News

Asian shares lower as strong data hit hopes for dovish Fed

Stocks are mostly lower in Asia after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve’s fight against inflation

1 year ago·United States

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Washington Times

U.S. futures flat as strong data dents hopes for a dovish Fed

U.S. futures are flat Tuesday, a day after markets tumbled on surprisingly strong economic data that highlighted the challenges the Federal Reserve faces in battling inflation.

1 year ago·United States

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KRDO

Asian shares lower as strong data hit hopes for dovish Fed

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Stocks were mostly lower in Asia on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve’s fight against inflation. Tokyo rose, Shanghai was flat and other regional markets declined. U.S. futures gained and oil prices also advanced. Adding to worries over the potential for recession, Fitch Ratings revised its foreca…

1 year ago·Colorado Springs, United States

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MY Northwest

Asian shares lower as strong data hit hopes for dovish Fed

BANGKOK (AP) — Stocks were mostly lower in Asia on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve’s fight against inflation. Tokyo rose, Shanghai was flat and other regional markets declined. U.S. futures gained and oil prices also advanced. Adding to worries over the potential for recession, Fitch Ratings revised its forecasts for world economic growth downward o…

1 year ago·Tacoma, United States

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News 4 JAX

World shares lower as strong data hit hopes for dovish Fed

World stocks were mostly lower on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted the challenges the Federal Reserve faces in battling inflation. Germany's DAX lost 0.2% to 14,421.84 and the CAC 40 in Paris also was down 0.2%, at 6,682.03. Britain's FTSE 100 lost 0.3% to 6,679.98. The futures for the S&P; 500 and the Dow industrials were 0.1% lower. Highlighting worries over recession, Fitch Ratings revi…

1 year ago·Jacksonville, United States

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