Asia-Pacific markets fall after Fed minutes point to more rate hikes to come
Publishing timestamp: 2023-07-05 20:31:49
Summary
The article discusses the lower Asia-Pacific markets following the release of minutes from the U.S. Federal Reserve, which revealed a split decision on rate hikes. It also mentions the cancellation of a visit by the EU High Representative for Foreign Affairs to China. The article provides updates on the performance of various markets in the region and mentions the expectations for Malaysia's central bank to hold its policy rate steady. It also includes information on the sales drop and future expectations of Foxconn. The article concludes with information on the expectations for further rate hikes by the Federal Reserve and the optimism for a "soft landing" of the U.S. economy.
Sentiment: MIXED
Tickers: .DXY, .N225, @CL.1, JPY=, @LCO.1, .SPX, .KS11, 2317-TW, .HSI, .AXJO, .DJI, .SSEC, AUD=, .SZI, .IXIC,
Keywords: world markets, asia economy, breaking news: markets, s&p/asx 200, nikkei 225 index, markets, hang seng index, usd/jpy, ice brent crude (apr'23), wti crude (mar'23), janet yellen, breaking news: asia, china, dxy us dollar currency index, united states, kospi index, shanghai, business news, australian dollar/us dollar fx spot rate, beijing, shenzhen component index,
Source: https://www.cnbc.com/2023/07/06/asia-markets.html