Economy
February 24, 2023
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Markets mixed, Tokyo rallies as BoJ nominee backs loose policy

Global equity markets were mixed on Friday as traders continued to grapple with long-term interest rate concerns. The U.S. Federal Reserve\’s decision to further increase borrowing costs and hold them there has resulted in a drop in global equities throughout the month of February. Focus has now shifted to the release of the personal consumption […]

Economy
February 22, 2023
9 views 4 mins 0

Asian markets drop as traders contemplate higher-for-longer rates

[ HONG KONG: Asian markets sank Wednesday following hefty losses on Wall Street as still-strong economic data fanned expectations that US interest rates will go higher and stay there longer than expected. Traders are now awaiting the release of minutes from the Federal Reserve’s latest policy meeting hoping for an idea about officials’ views on […]