Asian equities advanced as China and the United States announced plans to hold trade talks over the weekend, easing concerns about escalating tensions. The positive sentiment was further bolstered by China’s announcement of new stimulus measures, including interest rate cuts and a reduction in banks’ reserve requirements, aimed at supporting growth. Read more
In Australia, the ASX opened higher, supported by the improved global outlook, despite a 2.5% decline in National Australia Bank’s half-year profit. Read more
Europe: Anticipated steady opening amid central bank focus
European markets are expected to open steadily as investors monitor central bank policies and economic indicators. The ECB’s recent 25 basis point rate cut reflects updated views on inflation and policy transmission. Read more
However, the European economy still faces challenges including tariff threats, geopolitical tensions, and elevated energy prices. Read more
United States: Investors await Fed Chair Powell’s speech
US markets are poised for a cautious start as traders await Federal Reserve Chair Jerome Powell’s remarks. Strong economic data has lifted sentiment, but the direction of Fed policy remains uncertain amid persistent global tensions. Read more
In corporate news, Coty Inc. cut its 2025 profit forecast and delayed its investor day, citing uncertainty in the US market. Read more
newshub finance
Recent Comments