Stock markets are optimistic with Asian shares reaching three-year high, Wall Street positive momentum.

From Yahoo Finance: 2025-06-27 00:36:00

Asian shares reached a three-year high as Europe looked to follow suit. Wall Street’s positive trend continued, fueled by a ceasefire in the Middle East and easing U.S.-China trade tensions. Expectations of more Fed rate cuts grew as weak U.S. economic data persisted. A trade agreement with China on rare earths was announced. Treasury Secretary Bessent urged Congress to remove a tax proposal targeting foreign investors. Investors await the release of the core PCE price index for further Fed rate clues. The dollar hit a 3.5-year low amid speculation over Chair Powell’s future and Fed independence. The dollar’s decline marks its largest first-half fall since the 1970s. Market focus on upcoming economic data and geopolitical developments remains high.



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