Asian Stocks Surge and Dollar Gains Ground on Ebbing US Rate Cut Speculations
Asian Stocks Surge, Dollar Strengthens
Asian stocks rose on Tuesday while the dollar firmed, keeping the yen rooted near the 152-per-dollar level that has traders worried about possible intervention, as expectations the Federal Reserve was close to cutting interest rates faded.
US Manufacturing Shows Growth
Data on Monday revealed that U.S. manufacturing grew for the first time in 1-1/2 years in March, with production rebounding sharply and new orders increasing, underscoring economic strength.
Futures indicated European stock markets were set for a subdued open, with Eurostoxx 50 futures up 0.10%, German DAX futures up 0.02%, and FTSE futures 0.07% higher.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.