Asian shares reach one-month high amid hopes for Fed rate cuts this week

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Asian shares reach one-month high amid hopes for Fed rate cuts this week - Business Standard

Quick Summary:

US stock futures similarly rose, with S&P 500 futures last up 0.02 per cent while Nasdaq futures advanced 0.

With the data calendar relatively light across major economies this week, all eyes are on Wednesday's release of the Fed's July meeting minutes and Chair Jerome Powell's speech at Jackson Hole on Friday for clues on the outlook for US rates.

That buoyed the Australian dollar slightly, though it was last 0.2 per cent lower after hitting a one-month high earlier in the session.