South Korea, Japan stocks gain over 2% after Fed maintains rate forecast; Nikkei closes at all-time high
Publishing timestamp: 2024-03-21 05:10:23
Summary
Japan stocks hit all-time highs after Federal Reserve maintains forecast for three rate cuts in 2024. PDD Holdings' quarterly revenue more than doubled. China central bank deputy governor hints at possible reserve requirement ratio cut. Bank of Japan governor pledges to support economy. Gold prices hit new high after Fed reaffirms rate cut plans. Japan's business activity expands, Australia's unemployment rate drops. Japan's exports beat expectations. New class of weight loss medications could impact Swiss food companies. New Zealand slips into technical recession. Stocks rally after Fed announces plans for three rate cuts in 2024. Technology and small-cap stocks outperform.
Sentiment: MIXED
Tickers: .DXY, AUD=, .SZI, JPY=, .RUT, .SSEC, @CL.1, 3436.T-JP, NVDA, PDD, .AXJO, AMD, .HSI, .N225, XAU=, .KS11, .IXIC, .SPX, 4755.T-JP, .DJI, @LCO.1,
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