Asian markets extend gains after Wall Street rally | Malay Mail

HONG KONG, March 23 — Asian markets extended gains today, tracking a rally in New York, on optimism that the Federal Reserve’s plan to hike interest rates will help bring inflation under control.

Officials lifted rates last week by a quarter of a point but some have advocated hikes of half a point, a view Powell suggested he was open to, adding that he was happy the economy was strong enough to withstand such a move. She added that while the near-term outlook would be challenging with recession risks rising, “we still think the US economy is pretty good fundamentally”.

London opened with gains as data showed UK inflation hit a three-decade high in February, while Paris and Frankfurt were also up.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street stocks, Treasury yields rise on hawkish Fed comments | Malay MailBOSTON, March 23 — Treasury yields marched higher yesterday, bringing US stocks with them, as investors digested the increased likelihood of swift interest rate hikes following hawkish comments from the US Federal Reserve. The Nasdaq led Wall Street’s main indexes higher, rising nearly 2 per...
Source: malaymail - 🏆 1. / 86 Read more »