Asia markets mixed after Fed minutes show no indication of rate cuts
Publishing timestamp: 2023-11-22 05:46:36
Summary
The article discusses the mixed performance of Asia-Pacific markets after the release of minutes from the U.S. Federal Reserve's October 31 meeting. The minutes revealed that policy officials maintained a restrictive monetary policy stance and had little appetite for rate cuts. The article also mentions the rebound of Japan's Nikkei 225, the growth of Singapore's gross domestic product, the potential impact of Temu (the U.S. arm of Chinese e-commerce giant Pinduoduo) on major retailers, and the upcoming meeting of the Organization of Petroleum Exporting Countries (OPEC). It also briefly mentions the technology sector's decline in the S&P 500 and weaker-than-expected housing data in October.
Sentiment: MIXED
Tickers: JPY=, .AXJO, .DXY, .KS11, PGRU, ON, @LCO.1, INTC, MPWR, .N225, .SSEC, .HSI, PDD, .DJI, .SZI, .SPX, @CL.1, QCOM, AUD=, .IXIC,
Keywords: nikkei 225 index, shanghai, wti crude (mar'23), dxy us dollar currency index, shenzhen component index, australian dollar/us dollar fx spot rate, world markets, economic events, s&p/asx 200, breaking news: markets, business news, australia, usd/jpy, kospi index, markets, prices, hang seng index, ice brent crude (apr'23), breaking news: asia, dow jones industrial average, asia economy,
Source: https://www.cnbc.com/2023/11/22/asia-markets.html