Asia-Pacific markets are poised for a mixed opening on Friday, with investors anticipating key economic releases from China and Japan. The People's Bank of China's loan prime rate decision and the performance of the Nikkei 225 are under scrutiny.
Asia-Pacific markets are set for a mixed open on Friday as investors look toward key economic events out of China and Japan .The People's Bank of China is due to release its loan prime rate decision on Friday, with traders watching if the central bank will cut rates in a bid to boost the Chinese economy.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyThe 10-year Treasury yield also rose for a second day, topping 4.5% and pressuring stocks. The benchmark yield surged more than 13 points in the previous session.House Republicans say they’ve reached a deal to head off government shutdown
Wednesday's move comes after the central bank said it will likely lower interest rates just twice next year, down from the four cuts it projected back in September, alarming investors who wanted low rates to keep fueling the bull market. The Dow Jones Industrial Average tumbled by 1,100 points to its 10th straight loss.A person shops for eggs at a Whole Foods Market grocery store on December 17, 2024 in New York City.
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