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Japan's Nikkei leads losses in Asia as investors fear the Fed could hold off rate cuts; oil soars - TL;DR CNBC

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.AXJOAUD=NVDA.HSI.DXY.IXIC.KS11.SZI.SSECJPY=@CL.1@LCO.1BA.SPX.DJI

Keywords: asia economypriceskospi indexwti crude (mar'23)shanghaiice brent crude (apr'23)economic eventsaustraliahang seng indexusd/jpyworld marketsshenzhen component indexmarketsnikkei 225 indexbreaking news: asias&p/asx 200business newsaustralian dollar/us dollar fx spot ratedxy us dollar currency indexnasdaq compositebreaking news: marketss&p 500 indexdow jones industrial average

Source: https://www.cnbc.com/2024/04/05/asia-markets-live-updates-fed-interest-rates-cut-oil-prices.html


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