US EditionPublished • loading... • Updated
Stocks Rise as US Rate Hopes Soothe Nerves After Torrid Week
Asian stocks rose with Hong Kong and Seoul gaining over 1% as investors anticipate US inflation data that may influence Federal Reserve rate cuts, analysts said.
- On Monday, Asian markets mostly rose as fresh hopes for a US interest-rate cut eased nerves after last week's volatility and Wall Street's rally Friday lifted Asia's opening sentiment.
- New York Fed boss John Williams' remarks on Friday raised cut probabilities, seeing "room for a further adjustment" at the December 9 meeting and lifting Fed cut chances to about 70 percent.
- Regional performance varied, with Hong Kong and Seoul leading gains above one percent while Shanghai and Manila retreated, and bitcoin remained volatile below its recent $126,200 peak.
- Focus is now on the producer price index due this week as investors await this last major datapoint before December, while IG market analyst Fabien Yip warned a strong PPI could limit Fed easing.
- The scramble for AI assets has raised warnings of an overextended market, while falling expectations in recent weeks for a third Federal Reserve rate cut next month add uncertainty.
Insights by Ground AI
56 Articles
56 Articles
Coverage Details
Total News Sources56
Leaning Left4Leaning Right14Center13Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
13%
C 42%
R 45%
Factuality
To view factuality data please Upgrade to Premium
