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US CPI Data Strengthens Expectations of Fed Rate Cut in September, Asian Stock Markets Expected to Open Higher
Summary: According to reports from FXStreet, Asian stock markets are expected to follow the overnight gains in US stocks, as US inflation data met expectations, bolstering market bets on a Fed rate cut in September. Tokyo, Hong Kong, and Sydney stock index futures all indicate that major benchmark indices will open higher. Overnight, the three major ...
According to reports from FXStreet, Asian stock markets are expected to follow the overnight gains in US stocks, as US inflation data met expectations, bolstering market bets on a Fed rate cut in September. Tokyo, Hong Kong, and Sydney stock index futures all indicate that major benchmark indices will open higher. Overnight, the three major US stock indices all rose by over 1%, with the S&P 500 and NASDAQ 100 indices both hitting record highs. Despite a decline in US bond yields and a lower US dollar exchange rate, the market's probability of a Fed rate cut next month remains over 90%.
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Link: US CPI Data Strengthens Expectations of Fed Rate Cut in September, Asian Stock Markets Expected to Open Higher [Copy]
