Asia Stocks Rally as Fed Signals Openness to Act: Markets Wrap - Bloomberg

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Asia Stocks Rally as Fed Signals Openness to Act: Markets Wrap  Bloomberg

Stocks in Asia rose after Federal Reserve Chairman Jerome Powell signaled an openness to rate cuts, giving a boost to risk appetite that remains fragile amid trade-war tensions. Treasury yields gave back some of Tuesday’s rise. Japan led the charge, with the Topix index up 2%, though gains elsewhere in the region were more modest. European and U.S. equity futures edged higher. The S&P 500 Index rose over 2% and Treasury yields climbed from multi-year lows Tuesday as Powell said the central bank is monitoring the impact of the trade war and would act as appropriate to sustain the U.S. expans...

https://www.bloomberg.com/news/articles/2019-06-04/stocks-in-asia-to-rally-as-fed-signals-ready-to-act-market-wrap

2019-06-05 06:09:11Z
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