Asia stocks firm, dollar sags amid low US treasury yields on Fed cut bets

Quick Summary:

Mainland Chinese blue chips added 0.4%, although Hong Kong's Hang Seng slipped 0.

Oil prices rose on Thursday, recovering some of the previous day's loss, on hopes that potential Fed rate cuts would boost demand.

Sterling remained depressed after soft UK inflation figures hinted at faster, deeper Bank of England rate cuts.

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Category: BusinessFinance

Markets: IndiaAustraliaHong KongJapan

Topics: United States West Texas West Texas Intermediate US Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 08:17:28 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22083151

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 256 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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