Asian markets could lose steam on Thursday following a sluggish performance on Wall Street on Wednesday, and as the sugar high from China's biggest economic ...
A man stands in front of Victoria Harbour, with the Central financial district in the background, as typhoon Yagi approaches in Hong KongAsian markets could lose steam on Thursday following a sluggish performance on Wall Street on Wednesday, and as the sugar high from China 's biggest economic and market stimulus package since the pandemic earlier in the week shows signs of fading.
Economists at HSBC on Wednesday revised their European Central Bank forecasts, and now expect 25 basis point rate cuts at every meeting from October until April 2025. That would take the benchmark deposit rate down to 2.25%. The euro's slide and U.S. bond yield spike, meanwhile, helped the dollar claw back some ground on Wednesday. Having earlier flirted with a new 14-month low, the dollar index rose 0.4% to post its biggest daily gain in a month.
Among the Asian economic indicators on deck on Thursday are manufacturing data from Thailand, industrial production figures from Singapore, and the latest snapshot of international trade from Hong Kong. Investcorp Credit Management BDC, Inc. Announces Financial Results for the Quarter and Fiscal Year Ended June 30, 2024, and Quarterly Distribution
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