The Federal Reserve’s decision to cut its benchmark interest rate by 50 basis points is likely to be a positive for Asian stocks as it gives the region’s central banks more room to loosen policy, analysts say. The rate cut will ease the pressure of tight monetary policy and assuage concern about weakening local currencies,…
READ MOREWall Street’s sure-fire, money-minting trade of 2024 – going all-in on Big Tech – was upended this week, sparking stock volatility across the board and thrashing momentum-chasing investors along the way. An earnings flop from Tesla Inc. and fears about Alphabet Inc. spending landed just as popular bets in bonds and commodities misfired, adding to…
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