2024-12-23 09:35
IndustryMarket Wrap(12.23)
Asian markets climbed Monday, with the MSCI Asia Pacific Index snapping a six-day decline after US core PCE inflation data came in below expectations, reviving hopes for Fed rate cuts. Australia, Japan, and South Korea saw gains, while the dollar steadied after a Friday drop.
Amid easing inflation fears, volatility persists. Asia FX remains pressured by a stronger dollar and China’s policy shift toward monetary easing, with regional currencies at multi-year lows. Investors remain cautious ahead of Trump’s inauguration and key economic data this week.
#Forex #Stocks #Asia #Inflation #FederalReserve #EmergingMarkets #Dollar
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Market Wrap(12.23)
| 2024-12-23 09:35
Asian markets climbed Monday, with the MSCI Asia Pacific Index snapping a six-day decline after US core PCE inflation data came in below expectations, reviving hopes for Fed rate cuts. Australia, Japan, and South Korea saw gains, while the dollar steadied after a Friday drop.
Amid easing inflation fears, volatility persists. Asia FX remains pressured by a stronger dollar and China’s policy shift toward monetary easing, with regional currencies at multi-year lows. Investors remain cautious ahead of Trump’s inauguration and key economic data this week.
#Forex #Stocks #Asia #Inflation #FederalReserve #EmergingMarkets #Dollar
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