Asian shares got off to a cautious start on Monday as markets count down to a likely cut in U.S. interest rates this week with much riding on ...
SYDNEY: Asian shares slipped on Monday as markets anxiously counted down to a likely cut in U.S. interest rates this week with much riding on whether or not the Federal Reserve signals yet more are in the pipeline.
"We remain cautiously optimistic that both sides can agree on a narrow agreement that addresses important trade-related issues, such as U.S. demands to increase exports," said analysts at Barclays in a note."That said, we are skeptical about the prospects of a broader agreement that includes the more challenging security-related issues."
More important will be what the central bank flags for the future, given the market implies 100 basis points of easing over the next year or so."The messaging will be key and will help markets determine whether the rate cut is just an"insurance cut", or the Fed is embarking on a full easing cycle as the market currently prices in," said Tapas Strickland, director of economics at NAB.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian shares guarded as investors count down to FedAsian shares got off to a cautious start on Monday as markets count down to a likely cut in U.S. interest rates this week with much riding on ...
Read more »
Football: Neymar to miss PSG's final Asian matchesNeymar will not feature in Paris Saint-Germain's last two games of their pre-season tour of Asia, French media reported on Sunday.
Read more »
Fed poised to cut rates for first time since financial crisis, ending an era[NEW YORK] The Federal Reserve this week will most likely cut interest rates for the first time since 2008, when the economy was mired in a deep recession, as the central bank tries to keep a record economic expansion from petering out. Read more at The Business Times.
Read more »
A Fed interest rate cut is in the bag. What then?U.S. central bankers are expected to lower borrowing costs this week for the first time since the depths of the financial crisis more than a ...
Read more »
4 reasons why Visions is great for health-conscious parentsYou’re going to want to make space for new cookware Between shuttling the kids to and fro from classes, making sure everyone gets fed, and keeping the house, there just isn’t much time left to whip up healthy, wholesome meals for you and your family. Or, is...
Read more »
Asian shares guarded as investors count down to FedAsian shares got off to a cautious start on Monday as markets count down to a likely cut in U.S. interest rates this week with much riding on ...
Read more »