Asian stocks climb as rate-cut hopes steady markets; crude prices ease
Asian markets rallied on hopes of a US interest rate cut, following remarks from a top Fed official suggesting room for adjustment. This optimism countered a dip in oil prices, influenced by potential progress in Russia-Ukraine peace talks. Investors are now keenly awaiting US producer price data for further economic cues.
Asian markets rallied on hopes of a US interest rate cut, following remarks from a top Fed official suggesting room for adjustment. This optimism countered a dip in oil prices, influenced by potential progress in Russia-Ukraine peace talks. Investors are now keenly awaiting US producer price data for further economic cues.
