Asian stocks mostly lower as investors anticipate Fed rate cut, Australian index hits record high.

From CityNews: 2024-07-17 04:25:00

Asian stocks mostly lower as investors anticipate Federal Reserve interest rate cut. Australian benchmark hits new record. U.S. futures down, oil prices up. Tokyo’s Nikkei 225 falls 0.4%, Finance Ministry intervenes in currency market. Australia’s S&P/ASX 200 reaches all-time high. U.S. dollar weakens to 157.79 Japanese yen. Taiwan Semiconductor Manufacturing Company stock falls. SET in Bangkok up 0.2%. S&P 500 sets all-time high, Dow Jones jumps 1.9%, Nasdaq lags. Trump Media & Technology Group stock swings, Truth Social platform leads. Bond market sees reversal in yields. Inflation slowing as Federal Reserve considers cutting interest rates. Retail sales data may influence Fed decision. US benchmark crude oil at $79.72 per barrel, Brent crude at $83.65 per barrel. Euro rises to $1.0912.



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