Asian stocks rose on Friday, on course for their best week this year, as a cooling in U.S. inflation stoked speculation that the Federal Reserve could pause rate hikes after this month.
, though, was a notable outlier, flipping early gains to be last down 0.43% as it struggles to find its feet following its retreat from a 33-year peak reached at the start of this month., after the index rallied 0.85% overnight.
U.S. two-year Treasury yields , which tend to be most sensitive to the Fed policy outlook, languished at 4.63%, following a 30 basis point slide this week that extended its drop from last week's 16-year peak above 5%. Speculation that the BOJ could widen its 10-year yield band this month has been rising since a labor report a week ago showed solid growth in wages.
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.
Asian shares rally, dollar ravaged on bets Fed almost done hikingAsian shares and bonds rallied on Thursday while the dollar nursed heavy losses, as a surprisingly low reading on U.S. inflation reinforced bets the end of the Federal Reserve's post-pandemic tightening cycle is in sight.
Read more »
Nigeria: Forbes 2023 Index - Dangote Still Africa's Richest Man for 12th Consecutive YearNearly half the planet's billionaires are poorer than they were a year ago. A total of 254 people have lost their billionaire status altogether yet others recorded gains.
Read more »
2023 Soweto Marathon ready with sponsor, broadcaster and reduced feesThe 2023 Soweto Marathon will take place with a new sponsor, a broadcaster and lower entry fees on November 5, organisers announced on Wednesday, saying they were targeting 50,000 entrants.
Read more »
OFFICIAL: FC Barcelona confirm new signing | KickOffFC Barcelona have confirmed yet another new signing ahead of the 2023/24 season. Read more ▶️
Read more »
2023/24 DStv Premiership Fixtures Revealed | Soccer LadumaThe first round of DStv Premiership matches will see defending champions Mamelodi Sundowns visiting Sekhukhune United, and you can find out the rest of the fixtures right here. SLSiya Read more:
Read more »
Xerox named leader in Quocirca's 2023 print security report - TechCentralPromoted | Xerox has announced it has been named a leader in Quocirca’s 2023 Print Security Market Landscape Report.
Read more »