US EditionAsian shares are mixed after US stocks hit an all-time high
- On Friday, Federal Reserve Chair Jerome Powell indicated that it was time to reduce the central bank’s primary interest rate, which had reached its highest level in twenty years, triggering a broad surge in stock prices across Wall Street.
- Powell's statement followed months of rate hikes aimed at controlling inflation that began two years ago, with the Fed now balancing inflation control and economic protection.
- The S&P 500 increased by 1.1% to 5,634.61, and the Nasdaq climbed 1.5%, while shares of smaller companies tracked by the Russell 2000 surged 3.2%, driven in part by technology stocks Hewlett Packard Enterprise and Juniper Networks.
- The 10-year Treasury yield eased to 4.26% from 4.29%, and benchmark Brent crude oil rose 56 cents to $78.71 a barrel amid mixed Asian stocks and modest European declines.
- The rally suggests market optimism for impending Fed rate cuts, though the timing depends on upcoming economic data, including Thursday’s jobs report expected to show slower hiring.
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Asian stocks mixed after Wall Street rallies as ‘time has come’ for rate cuts | The Asahi Shimbun Asia & Japan Watch
HONG KONG--Asian stocks were mixed Monday after U.S. stocks rallied close to their records on the expectation the Federal Reserve will start cutting interest rates soon to help the economy.
·Tokyo, Japan
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Associated Press News+46 Reposted by 46 other sources
World shares are mixed after US stocks hit an all-time high
World shares have started the week mixed after U.S. stocks closed at an all-time high after recovering from their earlier plunge due to the Trump administration's trade policies.
·United States
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Total News Sources49
Leaning Left15Leaning Right4Center22Last UpdatedBias Distribution54% Center
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- 54% of the sources are Center
54% Center
L 37%
C 54%
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