Asian stocks rebound from rout as Fed faces calls to cut rates early

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The story "Asian stocks rebound from rout as Fed faces calls to cut rates early" was covered 3 hours ago by Channel News Asia, a news publisher based in Singapore.

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Asian stocks rebound from rout as Fed faces calls to cut rates early - Channel News Asia

Quick Summary:

HONG KONG: Asian equities rallied on Tuesday (Aug 6) after the previous day's global rout fuelled by US recession fears that have led to calls for the Federal Reserve to cut interest rates before its next meeting.

But analysts at Moody's Analytics wrote: "Asia's equity selloff will cause sleepless nights at the Bank of Japan.

"The payroll jobs number is plus or minus 100,000 a month, so be a little careful over-concluding about things in the margin of error," he said, adding that if the US economy deteriorated, the Fed would "fix it".