Asian markets struggle to maintain momentum after Fed cut
Hong Kong, Nov 08, 2024 -Asia’s markets rally stuttered Friday after early gains as traders struggled to keep up with another Wall Street record following the Federal Reserve’s interest rate cut, while they were also weighing the outlook with another Trump administration. Traders were also awaiting the end of a week-long meeting of key Chinese…
READ MORE
Risk-on momentum in stocks succumbs to mounting worries around growth
The seemingly unstoppable stock market rally is wobbling as it confronts a horde of challenges to the momentum that’s taken it from record high to record high. A rout early last month was a glimpse of how quickly things can turn bad, a sharp selloff driven by US recession fears that rocked investors used to…
READ MORE