Jibran Munaf
Asian stocks edged higher on Tuesday as U.S. bond yields declined and the dollar retreated from recent highs, signaling cautious optimism among investors. Markets are closely monitoring President-elect Donald Trump’s cabinet announcements and the evolving outlook for Federal Reserve policy.
Tech stocks led gains in Asia, mirroring Wall Street’s partial recovery from last week’s sell-off. However, Nvidia’s upcoming earnings report on Wednesday kept investors wary.
In monetary policy, traders pared bets for a December Federal Reserve rate cut to less than 59%, down from 62% the previous day, reflecting concerns that resilient U.S. economic data and Trump’s proposed fiscal policies might dampen the Fed’s ability to ease rates.
Read more: https://www.thefinance360.com/asian-stocks-gain-as-u-s-yields-dip-dollar-weakens/