Markets rise ahead of likely Fed rate cut

By Agence France-Presse

Sep 14, 2024 12:30 am

HONG KONG — Asian markets mostly rose Friday while the yen sat around nine-month highs and gold hit a record after another healthy day on Wall Street as investors gear up for an expected US interest rate cut next week.

More data suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for equities after another rollercoaster week that started with big losses fuelled by US recession worries.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Banking sector assets increase to almost P27T

Anti-dumping duties levied on Thai drywall

PH digital fraud rate above global average

Trump trade war fears cast pall over APEC meet

Create More incentives welcomed

Sustainable finance taxonomy: Challenges and opportunities

Net FDI down 14.5% in August