Morning Bid: Another round of rate hikes, macro data on tap
A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent.
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A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent.
June 23 (Reuters) - A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent. Asian markets will be waking up to a jolt of central bank rate hikes and looking ahea...
Asian markets will be waking up to a jolt of central bank rate hikes and looking ahead to a big round of macro data on Friday. The Bank of England surprised many investors on Thursday by raising interest rates by a bigger-than-expected half a percentage point, lifting its main interest rate to 5%, the highest since 2008. England wasn't alone: The Swiss National Bank raised its policy rate and signaled more tightening was likely, while Norway's central bank raised its key policy rate to a 15-year high.
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Cargo airlines and third-party logistics providers are crossing their fingers for a resurgence of air shipments by October. But indications are increasing that the peak season may go out with a whimper. The post Air cargo’s busy season looking more like molehill than mountain peak appeared first on FreightWaves.