PT Solid Gold Berjangka | Asian Stocks Rise on Support From Powell Rate Hint


MSCI Asia Pacific Saham Saham Asia PT SGB Solid Gold Berjangka SG Berjangka Solid Group

Solid Gold Berjangka | Here’s a summary of the key points from the information you provided:

  • Market Performance: Stocks in Asia rose on Thursday, following gains in US equities. This was driven partly by comments from Federal Reserve Chair Jerome Powell indicating that interest rates will likely fall this year. The S&P 500 Index rose 0.5% to surpass the 5,100 mark, and the Nasdaq 100 advanced 0.7%.
  • Regional Performance:
    • Australia’s shares gained ground.
    • Japan’s Topix index rose by 0.7%.
    • Australia’s S&P/ASX 200 increased by 0.3%.
  • Currency Markets:
    • The yen traded around a one-month high, strengthening below 150 per dollar.
    • The dollar index was steady after a decline on Wednesday when US yields fell.
  • Central Bank Policies:
    • The Bank of Japan (BOJ) is under pressure to end its negative interest rate policy. Most economists expect this move to happen this month or next.
    • Investors are awaiting further insights from the BOJ, particularly when central bank’s board member Junko Nakagawa speaks.
  • Upcoming Data Releases:
    • Data set for release includes Australian trade data, Taiwan inflation, and China trade and foreign reserves reports.
    • Malaysia is expected to announce a monetary policy decision.
  • China’s Annual Parliamentary Session:
    • China’s annual parliamentary session continues, with a press conference by the country’s foreign minister Wang Yi scheduled.
    • Wang’s remarks on topics such as Sino-US relations and Taiwan will be closely watched.
  • Futures:
    • S&P 500 futures were little changed.
    • Hang Seng futures were also little changed.
    • Euro Stoxx 50 futures rose by 0.5%.

These updates provide a snapshot of the market movements in Asia, influenced by US market trends, central bank policies, currency movements, and upcoming data releases and events.