Asian shares edge up as oil retreat offsets expected Fed hike
Asian shares rose as investors shrugged off a fully-priced Fed hike, focusing on lower crude prices and upcoming BOJ decision.
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Asian shares rose as investors shrugged off a fully-priced Fed hike, focusing on lower crude prices and upcoming BOJ decision.
TD Securities, before the Fed's meeting, predicted three rate hikes this cycle, including October and January, amid a hawkish CPI report; the call awaits…
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Tom Lee calls the Dow's 631-point drop a buying opportunity, citing easing inflation, while a strategist urges caution.
Goldman Sachs dropped its 'one and done' view and now expects a second 25bp Fed rate hike in October.
Oil fell as Saudi Arabia rerouted crude via Oman, easing supply fears, but the conflict and pipeline damage remain unresolved.
IMF warns RBA may hike again, citing inflation, urges Australian spending cuts; markets price ~80% chance of a September hike.
New Zealand Q2 GDP rose 0.2% q/q and 2.6% y/y, beating forecasts and easing RBNZ growth concerns.
New Zealand Q2 GDP rose 2.6% y/y, above the 2.3% forecast, supporting the kiwi dollar.
PBOC expected to fix USD/CNY at 6.7241; recent moves show concern over pace of yuan gains.