The Nasdaq 100 index registered a small gain after the release of US inflation data. The US Dollar fell. Hong Kong’s technology sector may continue to rise, setting a positive tone for the Asia-Pac.
Wall Street equities gained after Federal Reserve Chair Jerome Powell reassured investors that the central bank will contain inflation without hurting the economy. Asia-Pacific markets may open hig.
Wall Street stocks retreated on Friday after the release of solid US jobs data. Treasury yields climbed. Asia-Pacific markets look set to open modestly lower as investors worry about Fed rate hikes.
Dow Jones Pulls Back While Nasdaq Surges, Hang Seng May Rise dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
The S&P 500 and Nasdaq 100 hit all-time highs on Wednesday as investors awaited the Jackson Hole symposium for clues about the Fed’s next move. Asia-Pacific markets look set to open in cautious mood.