Asian equities set to benefit from Fed rate cut, yen weakens; market reaction expected to be positive.

From Yahoo Finance: 2024-09-18 19:39:01

Asian equities are set to benefit from the Fed’s half-point rate cut and potential further easing. Japanese equity futures are up, S&P 500 initially reached a record high before closing 0.3% lower. Fed Chair Powell cautioned against assuming continuous big cuts. Dollar strength index eased, Treasury 10-year yields rose to 3.7%. In Asia, HK cut base rate, NZ economy shrank. BoE not likely to cut rates again. Some expected market to react positively or negatively to the rate cut. Treasuries set for fifth straight month of gains in September.

Stocks: S&P 500 futures up 0.3%, Hang Seng unchanged, S&P/ASX 200 futures down 0.5%. Currencies steady with slight fluctuations. Bitcoin up, Ether up. Bonds and commodities performance not provided. Fed balancing act ongoing with more rate cuts likely. Key events this week include UK rate decision, US economic data, FedEx earnings, Japan rate decision, Eurozone consumer confidence.



Read more at Yahoo Finance: Asian Equities Brace for Fed Effect, Yen Slips: Markets Wrap