Asia-Pacific equities rose to their highest level since mid-February on Friday, taking cues from an overnight Wall Street rally as market bets firmed for the Federal Reserve to skip a rate hike next week.
rose 0.62%. E-mini U.S. equity futures , in Asia pointed to about a 0.1% lower restart for each of the indexes.
Still, some analysts point to surprise rate increases at the Bank of Canada and Reserve Bank of Australia this week as reasons not to be complacent. "I can't imagine he'd be happy by the increase in core PCE inflation, nor the robust gain in non-farm payrolls."on May 19 that it was still unclear if U.S. interest rates will need to rise further, and the risks of overtightening or undertightening had become more balanced.
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