Japan's Nikkei leads losses in Asia as investors fear the Fed could hold off rate cuts; oil soars
Publishing timestamp: 2024-04-05 03:43:32
Summary
Asia-Pacific markets, led by Japan's Nikkei 225, fell on worries about U.S. Federal Reserve holding off on rate cuts. Oil prices rose, Japan's household spending fell less than expected, and unions secured pay hikes. S&P released business activity numbers for Hong Kong, while Reserve Bank of India kept interest rates unchanged. Samsung expects a significant jump in first-quarter operating profit. Analysts have become more bullish on six stocks globally. Oil prices rose due to mounting tensions in the Middle East. Federal Reserve officials expressed caution on rate cuts due to inflation concerns.
Sentiment: MIXED
Tickers: .N225, .AXJO, AUD=, NVDA, .HSI, .DXY, .IXIC, .KS11, .SZI, .SSEC, JPY=, @CL.1, @LCO.1, BA, .SPX, .DJI,
Keywords: asia economy, prices, kospi index, wti crude (mar'23), shanghai, ice brent crude (apr'23), economic events, australia, hang seng index, usd/jpy, world markets, shenzhen component index, markets, nikkei 225 index, breaking news: asia, s&p/asx 200, business news, australian dollar/us dollar fx spot rate, dxy us dollar currency index, nasdaq composite, breaking news: markets, s&p 500 index, dow jones industrial average,
Source: https://www.cnbc.com/2024/04/05/asia-markets-live-updates-fed-interest-rates-cut-oil-prices.html