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The Australian dollar was taking a breather on Monday after last week's steep climb, as risk sentiment improved globally and markets braced for a possible hike in interest rates at home. ...
Asian shares rallied for a fourth straight session on Monday after markets moved to price in earlier rate cuts in the United States and Europe, bullish wagers that will be tested by a swarm of central bank speakers this week. Battered bond markets also enjoyed a welcome recovery as a benign U.S. payrolls report and upbeat productivity numbers suggested the labour market was cooling enough to obviate the need for further rate hikes from the Federal Reserve. "This year's better-than-expected U.S. supply-side performance raises hopes for a soft landing," said Bruce Kasman, head o...
It's been an upbeat start to the week in Asia as markets cast aside concerns about rate hikes, and go straight to pricing in early cuts. That is not to say Europe is faring any better, many analysts look for the EU to enter recession this quarter.
A look at the day ahead in European and global markets from Wayne Cole. It's been an upbeat start to the week in Asia as markets cast aside concerns about rate hikes, and go straight to... -November 06, 2023 at 12:30 am EST - MarketScreener
Asian shares rallied for a fourth straight session on Monday after markets priced in earlier rate cuts in the United States and Europe, bullish wagers that will be tested by a swarm of central bank... -November 06, 2023 at 12:12 am EST - MarketScreener