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Asian markets struggle as traders digest Fed’s hawkish pivot
Equities mostly fell Friday while the dollar maintained gains against its peers as investors assessed the fallout from the Federal Reserve’s revised outlook for interest rate cuts and prepared for a second Donald Trump presidency.Data showing Japanese inflation rose more than expected last month did little to help the yen, which took a hefty hit …
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China’s Xi urges Macau to pivot from casinos as new leader sworn in
Chinese President Xi Jinping on Friday inaugurated a new Macau leader and called for the gambling hub to diversify its economy as the former colony marked 25 years since being returned to China.When the former Portuguese colony reverted to Chinese rule on December 20, 1999, Beijing promised that the city’s “capitalist system and way of life” …
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Asian markets mixed as traders digest Fed’s hawkish pivot
Equities fluctuated Friday and the dollar maintained its gains against its peers as investors assessed the fallout from the Federal Reserve’s outlook for interest rate cuts and possible impact of Donald Trump’s presidency on the economy.Data showing Japanese inflation rose more than expected last month did little to help the yen, which took a hefty …
Asian markets mixed as traders digest Fed’s hawkish pivot Read More »