Asian Stocks Surge As Markets Bet On Peak Fed Rates, China Stimulus

  • Posted on July 11, 2023
  • News
  • By FC Team
  • 317 Views

Most Asian stocks rose sharply on Tuesday amid expectations that the Federal Reserve was close to concluding its rate hike cycle for the year, while the prospect of more stimulus measures from China also aided sentiment.Comments from several Fed officials this week suggested that while the central bank will still hike rates further in the coming months, it will have limited headroom to keep doing so. Weak labor market data also furthered this notion.A swathe of weak economic readings from China spurred increased bets that Beijing will roll out more stimulus measures to help support a slowing economic recovery. Inflation data on Monday showed that consumer spending was on the brink of deflation, sending largely bearish signals on Asia’s largest economy. Investing.com

Author
No Image
manager

FC Team

No description...

You May Also Like