Asia markets fluctuate as rate-hope rally fades
Asian markets struggle for direction today as investors weighed signs of a slowing US economy. – EPA pic, July 4, 2023.
ASIAN markets struggled for direction today as investors weighed signs of a slowing US economy against hopes the Federal Reserve’s interest rate hiking cycle could be nearing its end. Data showing a sharp drop in the central bank’s preferred gauge of inflation for May fuelled a rally across equities in New York last week and Asia yesterday.
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