Asia stocks firm, dollar sags with US yields on Fed cut bets

Quick Summary:

TOKYO: Asian stocks were firm on Thursday while the dollar remained on the back foot amid lower U.S.

Treasury yields after benign consumer inflation data overnight reinforced bets for the Federal Reserve to start cutting interest rates next month.

While inflation is slowing, signs it may remain sticky spurred a reduction of bets on a larger cut to 37.5% from about 50% a day earlier.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaHong KongJapan

Topics: Markets Commodities Stocks Equities Trading Asia /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 14:23:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 556 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 22084376

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 42 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 27 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #22

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