© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 20, 2023. REUTERS/Staff/File Photo
A look at the day ahead in European and global markets from Ankur Banerjee
Buoyed by a tech-fuelled rally on Wall Street, risk assets in Asia charged higher on rising expectations the Federal Reserve is done hiking rates and will likely cut early next year.
The worry remains that upcoming data might show not just a slowing U.S. economy but also an economy on the verge of a recession. But for now investors are looking the other way.
MSCI’s broadest index of Asia-Pacific shares outside Japan touched a fresh two-month peak and is on track for its best monthly performance since January.
Lower Treasury yields have led the dollar broadly lower against most currencies, with a strong fix on piling more pressure on the greenback. The , which measures the U.S. currency against six of its peers, fell to its lowest since Aug. 31.
remained close to the 33-year high it touched on Monday. A Reuters poll showed analysts expect the index to continue its more-than-28% rally this year into 2024 to reach a three-decade high of 35,000 by…
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