Asian stocks rise on expectations of rate cuts, yen stays near 38-year lows

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Asian stocks rise on expectations of rate cuts, yen stays near 38-year lows - Business Standard

Quick Summary:

Meanwhile, the euro last fetched $1.07455, just below the two-week high it hit on Monday as opponents of France's National Rally (RN) stepped up their bid to block the far-right party from power, with more candidates agreeing to pull out of the run-off election to avoid splitting the anti-RN vote.

The US is back on a "disinflationary path", Powell said on Tuesday, although he cautioned that policymakers need more data before they can consider cutting interest rates.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.26 per cent higher, while Japan's Nikkei rose 0.49 per cent, stalking the record high touched in March.