Morning Bid: Fed's 'hawkish cut' slams markets, BOJ up next

Quick Summary:

A look at the day ahead in Asian markets. The Federal Reserve has spoken, and as far as investors are concerned, the message was clear - clearly hawkish.

Now it's over to the Bank of Japan and Bank of England, the two biggest and most important of the clutch of central bank policy decisions on Thursday.

The Nasdaq slumped more than 3 per cent, the Dow fell for a tenth day - its longest losing streak in 50 years - the dollar jumped to a two-year high and bond yields rose across the curve.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanNorwayPhilippinesSwedenTaiwan

Topics: Expected Japan Year Rate Rates Thursday Inflation Cent Bank Investors Central

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 05:47:06 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 543 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24542389

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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