Reported 25 days ago
Asian stocks experienced a second consecutive rise driven by increased speculation of a Federal Reserve rate cut, with U.S. shares also rallying on positive earnings. The dollar steadied against the yen while oil prices dipped due to OPEC+ output increases. Despite recent disappointing U.S. jobs data boosting rate cut odds, sectors in both Japan and China showed resilience. Market expectations now indicate a 94% chance of a September rate cut, highlighting concerns over potential politicization of interest rate decisions.
Source: YAHOO