Asia markets live updates: Fed interest rates cut, oil prices
Asian markets will assess Japan's household spending report for February, as well as a rate decision from the Reserve Bank of India.
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Asian markets will assess Japan's household spending report for February, as well as a rate decision from the Reserve Bank of India.
All of the major S&P 500 sectors fell on the day. Read more at straitstimes.com.
Asian shares retreated on Friday as hawkish comments from some Federal Reserve officials and escalating geopolitical tensions put a dent in risk sentiment, while traders were also cautious ahead of U.S. jobs data due later in the day. The threat of supply disruptions owing to a prolonged conflict in the Middle East kept Brent futures above $90 a barrel - a level not seen since last October. Israel had on Thursday braced for a possible retaliatory attack after its suspected killing of Iranian generals in Damascus this week, and Prime Minister Benjamin Netanyahu said the country would harm ...
A wave of comments from several Fed officials overnight highlighted a consensus on the need for patience before initiating interest rate reductions. While the higher than expected inflation readings in January and February were "concerning", they're not seen as derailing the broader disinflation process yet. Nevertheless, the sentiment is clear: more evidence is required to confirm inflation's downward path towards 2% target before any policy easing is initiated.
London's FTSE 100 is called to open sharply lower on Friday, with hawkish comments from US monetary policymakers and geopolitical tensions keeping a lid on enthusiasm. IG says futures indicate the...