Asian markets faced a downturn on Friday following the MSCI All Country World Index's robust performance in November, marking its third-largest monthly gain in the past decade. Concurrently, the dollar experienced a marginal decline.Chinese stocks initiated a decline, contributing to a year-low for a benchmark of mainland shares. Australia and South Korea also witnessed a dip in equities, impacting the overall Asian shares index. On the contrary, Japanese benchmarks showed positive movements. In the U.S., futures indicated a slight decrease after the S&P 500 recorded a 0.4% increase on Thursday, culminating in nearly a 9% surge for the month, ranking among its best Novembers on record. The all-country index achieved its most significant monthly gain since 2020.The U.S. dollar weakened against major peers, prompted by a decrease in a measure of inflation. This spurred speculations about a potential conclusion to the Federal Reserve tightening cycle, aligning with the narrative that fuel...
Showing posts with label Central Banking. Show all posts
Showing posts with label Central Banking. Show all posts
Friday, February 02, 2024
In the Realm of Markets: Caution Abounds as Investors Fear Powell Could Dampen Expectations of Rate Cuts
A comprehensive look at the upcoming day in European and global markets, presented by Ankur Banerjee:Following an exceptional November, investors are poised for an optimistic start to December in Europe. The anticipation of imminent rate cuts by central banks permeates the atmosphere, although a "fireside chat" with Fed Chair Jerome Powell later in the day stands as a potential party spoiler....
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