Asian equities rose due to expected dovish guidance from central banks, including the Federal Reserve

From Investing.com: 2024-07-29 00:40:40

Asian equities rose except in China, where interest rate cuts raised concerns. Wall Street and European futures also climbed, possibly due to expected dovish guidance from the Federal Reserve and Bank of England. Oil prices edged up following fears of conflict in the Middle East after a rocket strike blamed on Hezbollah. Markets anticipate Fed easing in September and potential BOE rate cuts. Bank of Japan meeting, U.S. jobs report, and tech earnings are key events this week. Political betting markets show Trump and Harris neck and neck. Key market influences today include UK consumer credit data, Dallas Fed manufacturing report, U.S. Treasury borrowing estimates, and earnings from McDonald’s and Loews.



Read more at Investing.com: Asia rebounds on dovish rate hopes By Reuters