Asia shares track Wall Street rally with inflation data, Fed in focus

HONG KONG : Asian shares edged up in early trade on Tuesday, following an upbeat session on Wall Street while investors turned their attention to key U.S. inflation data and the Federal Reserve's interest rate decision this week.

"Overall equity markets reacted positively to expectations the monetary policy cycle may be nearing its peak," ANZ analysts said in a note."U.S. markets are now pricing a 72 per cent probability that the Federal Reserve Monetary Policy Committee will hold rates at this week's meeting." The S&P 500 climbed 0.93 per cent to end the session at 4,338.93 points. The Nasdaq gained 1.53 per cent while Dow Jones Industrial Average rose 0.56 per cent.

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.

UBS Asia Pacific wealth management co-head expands roleHONG KONG :UBS Asia Pacific co-head of wealth management, Amy Lo, has expanded her role to spend more time on key clients after the Swiss bank completed its takeover of Credit Suisse on Monday, according to an internal memo seen by Reuters.Lo retains primary responsibility for Hong Kong, North Asia and Greate
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »