US EditionAsian Markets Rally as Fed Cut Hopes Trump Trade War Fears
Indian equities and Asian markets rally on expectations of Federal Reserve interest rate cuts amid concerns over US job growth slowdown, boosting investor confidence.
- On Wednesday, stocks jumped after Federal Reserve comments suggesting a rate cut this month, lifting Asian markets and putting Indian equities on the front foot alongside Mumbai.
- Federal Reserve Chair Jerome Powell has signalled a focus on jobs after the bank announced a rate cut last month, shaping investor expectations for easing.
- Market breadth widened as currencies reacted to rate expectations; Seoul soared 2.7 percent, Hong Kong gained two percent and Tokyo jumped 1.8 percent, while borrowing rates weighed on the dollar.
- Investors seized the rally, returning after recent volatility as Powell's remarks eased concerns amid China-US tensions, fueling a months-long tech sector rally.
- Geopolitical strains and a jobs-data gap temper the rally as Powell warned `In this less dynamic and somewhat softer labour market, the downside risks to employment appear to have risen` amid no official September jobs data due to the US government shutdown.
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InsideNoVA.com
Markets rally, dollar weakens as Fed cut hopes trump trade war fears
Stocks jumped and the dollar retreated Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the bank would cut interest rates again this month.
Indian Markets Rise on Fed Rate Cut Hopes, IT Stocks Lead Gains
Indian equities climbed in early trade on Wednesday, mirroring broader gains across Asian markets as growing expectations of a U.S. Federal Reserve rate cut later this month lifted investor sentiment. The Nifty 50 rose 0.28% to 25,216.2, while the BSE Sensex gained 0.20% to 82,192.33 as of 9:52 a.m. IST. Fifteen of the sixteen major sectoral indices were in the green, with mid-cap and small-cap stocks also advancing 0.7% and 0.3%, respectively. …
Leading Asian stock indexes turned green today as investor fears of a trade war were allayed by Federal Reserve Chairman Jerome Powell, who hinted that the bank would cut interest rates again this month.
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