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Most Asian Markets Rise on US Rate Hopes, Tokyo Hits Record
- Asian stocks rose, influenced by Wall Street's positive outlook for US Federal Reserve rate cuts, with Japan and South Korea seeing gains.
- Indonesian President Prabowo Subianto replaced Sri Mulyani Indrawati as finance minister, sparking concerns over financial stability amid recent protests.
- Despite anticipated rate cuts, upcoming inflation data is projected to show a 0.3% increase for August, impacting future Federal Reserve decisions.
- China's export growth slowed markedly, primarily due to decreased shipments to the US, although a rise in sales to other markets maintained Beijing's trajectory for a trade surplus.
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Watauga Democrat+12 Reposted by 12 other sources
Markets mainly rise on US rate cut hopes
Asian and European markets mostly rose Tuesday fuelled by optimism the Federal Reserve will slash interest rates this year, with gains led by a record high in Tokyo while gold also hit a fresh peak.
·Calhoun, United States
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Coverage Details
Total News Sources29
Leaning Left6Leaning Right4Center7Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 35%
C 41%
R 24%
Factuality
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