Asian markets will mirror Wall Street’s moves on Monday night, where the three major indexes pulled back from a post-FOMC rally
Asia-Pacific markets were set to fall Tuesday as the U.S. market took a breather following a rally sparked by optimism over the Federal Reserve's interest rate stance at its latest meeting.
"We're coming off of a post-FOMC high," he told CNBC, referring to the U.S. Federal Reserve's Federal Open Market Committee meeting last week."The market is getting more and more vulnerable to a market decline or a pullback in prices."Investors in Asia also await economic data out of Southeast Asia, including Singapore's manufacturing output and Thailand's trade balance. Japan's service producer price index for February is also expected later in the day.
The investment bank named two stocks that will benefit from the emerging trend—one of which uses AI to enhance its products. The bank also expects the stock to rise by more than 85% over the next 12 months.has been in the spotlight over the past year, especially since its shares logged an astronomical 240% rise in 2023, on the back of the artificial intelligence buzz."Even if some may say it's not as expensive because earnings have gone up dramatically ...
On the other hand, UBS also cautioned against near-term choppiness in the market that might materialize as traders adjust their expectations for the Federal Reserve's policy easing.Most investors and the Federal Reserve's dot plot anticipate four rate cuts this year, but not Morgan Stanley's global director of research.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia markets slip after Wall Street rally pauses; China exits deflation territory as consumer prices riseChina recorded its first month of inflation in four months with the country’s consumer price index climbing 0.7% year on year in February.
Read more »
Asia markets set for mixed open as Wall Street rally falters; India wholesale inflation on deckThursday will see investors assess India’s wholesale inflation, while also keeping an eye on any news coming out of Japan’s spring wage…
Read more »
Asia markets range-bound as Wall Street rally falters; India wholesale inflation on deckThursday will see investors assess India’s wholesale inflation, while also keeping an eye on any news coming out of Japan’s spring wage…
Read more »
Stock market today: Asian shares mostly lower, Japan's Nikkei 225 falls 2.5%Asian shares are mostly lower after Wall Street's huge rally faltered last week.
Read more »
Stock market today: Asian shares mostly lower, Japan's Nikkei 225 falls 2.5%Asian shares are mostly lower after Wall Street's huge rally faltered last week.
Read more »
Stock market today: Asian shares mostly rise after Wall Street's record rallyAsian shares are mostly rising, encouraged by a record rally on Wall Street. Benchmarks gained Wednesday in Sydney, Seoul and Hong Kong. Tokyo's Nikkei 225 lost morning gains to slip in afternoon trading. Also on investors' minds is the Japanese yen's rise against the U.S.
Read more »