Asian stocks set to rebound after upbeat US data
==========
Asian stocks are expected to rise following positive US growth data indicating a potential soft landing for the economy; US equity futures in Australia surged while Japan's edged higher; the S&P 500 closed near 5,590, with the Dow Jones Industrial Average reaching an all-time high; the Nasdaq Golden Dragon Index rose 2.6%; the US economy showed stronger growth in Q2, with consumer spending revised upward; analysts suggest that as long as the tech sector remains stable, market gains could continue; traders are watching Tokyo inflation data for potential Bank of Japan rate hikes; Commonwealth Bank strategists predict another BOJ rate increase later this year; US Treasuries experienced slight losses, with a $44 billion seven-year note sale; the yield on 10-year bonds rose to 3.86%; oil prices increased due to strong economic data and supply issues in Libya.
#AsianStocks #UsEconomy #FederalReserve #Inflation #MarketTrends #Nikkei225 #S&p500 #OilPrices #Treasuries #BankOfJapan
https://theedgemalaysia.com/node/724902
The Edge Malaysia /
npub15q…t0mcv
2024-08-29 23:48:28
Author Public Key
npub15q3n6g46fstp0h7wemjzwkh9jy6akndzdzk2sz8q0hwgvz6sfe3srt0mcvPublished at
2024-08-29 23:48:28Event JSON
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"content": "Asian stocks set to rebound after upbeat US data\n==========\n\nAsian stocks are expected to rise following positive US growth data indicating a potential soft landing for the economy; US equity futures in Australia surged while Japan's edged higher; the S\u0026P 500 closed near 5,590, with the Dow Jones Industrial Average reaching an all-time high; the Nasdaq Golden Dragon Index rose 2.6%; the US economy showed stronger growth in Q2, with consumer spending revised upward; analysts suggest that as long as the tech sector remains stable, market gains could continue; traders are watching Tokyo inflation data for potential Bank of Japan rate hikes; Commonwealth Bank strategists predict another BOJ rate increase later this year; US Treasuries experienced slight losses, with a $44 billion seven-year note sale; the yield on 10-year bonds rose to 3.86%; oil prices increased due to strong economic data and supply issues in Libya.\n\n#AsianStocks #UsEconomy #FederalReserve #Inflation #MarketTrends #Nikkei225 #S\u0026p500 #OilPrices #Treasuries #BankOfJapan\n\nhttps://theedgemalaysia.com/node/724902",
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