Reported about 2 months ago
Asian stocks rose for a third consecutive session, buoyed by expectations of imminent interest rate cuts from the Federal Reserve. The yen strengthened to a three-week high as markets reacted positively to Jerome Powell's dovish signals from his recent Jackson Hole speech. While stocks in Australia and Hong Kong gained, Japanese shares dipped due to the stronger yen. Global markets are poised for a rally as investors bet on lower borrowing costs, despite mixed economic signals from China, including a contraction in bank loans.
Source: YAHOO