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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. rate cut expectations: We're 'slightly more conservative' than the market, strategist saysYuting Shao, macro strategist at State Street Global Markets, says it expects it to start cutting interest rates in December.
Persons: Yuting Shao Organizations: State Street Global
Asia stocks gain on hopes for China stimulus, Fed pause
  + stars: | 2023-06-07 | by ( Xie Yu | ) www.reuters.com   time to read: +2 min
HONG KONG, June 7 (Reuters) - Most Asia-Pacific stocks markets strengthened on Wednesday, as expectations for stimulus from China and overnight gains on Wall Street boosted the mood. On Tuesday, China reportedly asked the biggest banks to cut deposit rates to boost the economy. "Overall, across the board, assets are doing pretty well," said Yuting Shao, macro strategist at State Street Global Markets. The U.S. dollar index slipped by 0.04% to 104.03. Leading cryptocurrency bitcoin was trading at about $27,000, consolidating following a sharp overnight rebound from as low as $25,350.
Persons: Hong, Yuting Shao, Saudi Arabia's, Brent, bitcoin, Solana, Ed Moya, Xie Yu, Kevin Buckland, Robert Birsel Organizations: Nikkei, State Street Global, Federal Reserve, Treasury, U.S, Australian, Saudi, U.S . Securities, Exchange Commission, SEC, Thomson Locations: HONG KONG, Asia, Pacific, China, Japan, Tokyo, Tuesday's, Cardano, Polygon, Bitcoin
Runaway dollar pauses for breath as bears stalk stocks
  + stars: | 2022-09-27 | by ( Xie Yu | ) www.reuters.com   time to read: +3 min
Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/IllustrationHONG KONG, Sept 27 (Reuters) - Asian markets attempted to stabilise on Tuesday after a wild few days of stumbling stocks, crumbling bonds, a plunging pound and soaring dollar, with the dollar easing a bit and stocks flat. S&P 500 futures rose 0.7%, and MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.1%. After two weeks of mostly steady losses on the U.S. stock market, the Dow Jones Industrial Average (.DJI) confirmed on Monday that it was in a bear market, tracing its start to declines in early January. The dollar index on Tuesday eased 0.1% to 113.8, after earlier touching 114.58, its strongest against a basket of peer currencies since May 2002.
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