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Asia Shares Rise, Treasuries Gain on Peak Rates Bet: Market Wrap

(Bloomberg) -- Stocks in Asia advanced, after US equities registered the best winning streak in two years and strength in Treasuries highlighted expectations for peaking interest rates. The MSCI Asia Pacific Index rose 0.3%, buoyed by increases in Australia, Japan and South Korea. The moves followed S&P 500’s 0.1% gain Wednesday, its eighth consecutive advance and best run since November 2021. Chinese stocks were mixed, with those in Hong Kong down and key mainland benchmarks delivering mild g...
New Zealand United States Hong Kong South Korea Tom Barkin Christine Lagarde

Stocks Slip Before Powell Speech; M&S Rallies: Markets Wrap

(Bloomberg) -- Stocks edged lower as investors awaited clues on the path of interest rates from a raft of central bank officials including Federal Reserve Chair Jerome Powell. Europe’s Stoxx 600 fell 0.1% and US equity futures traded little changed. The 10-year Treasury yields climbed by three basis points to 4.6%. West Texas Intermediate held at $77, near a three-year low. Marks & Spencer Group Plc soared 10% after profit surged and it reinstated a dividend. Traders are trying to gauge how ha...
City Of United Kingdom United States United Arab Emirates New York Europe Stoxx

Stocks Ease as Fed Rate-Cut Doubts Creep In: Markets Wrap

(Bloomberg) -- Stocks declined and dollar rose after comments by Minneapolis Fed President Neel Kashkari dampened hopes of speedy interest rate cuts from the US central bank. S&P 500 futures lost 0.3%, indicating that the US equity benchmark will snap a six-day winning streak, while Europe’s Stoxx 600 index was little changed. West Texas Intermediate crude dropped below $80 a barrel for the first time in more than two months. The dollar strengthened. Kashkari, speaking in an interview on Fox N...
New York United States City Of United Kingdom Saudi Arabia Raphael Bostic

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