Asia stocks on tenterhooks as Fed faces crunch time

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The Star 4h ago

Asia stocks on tenterhooks as Fed faces crunch time - The Star

Quick Summary:

SYDNEY: Asian stocks made a cautious start on Monday in a week that is almost certain to see the start of an easing cycle in the United States with the only question mark being the size of the cut, with markets split on the chance of an outsized move.

The drop in Treasury yields has boosted the yen against the dollar, which stood at 140.82 yen having slipped 0.9% last week to a near nine-month trough.

The Bank of England is generally expected to leave rates on hold at 5.00% when it meets on Thursday, though markets have priced in a 31% chance of another cut.