Asia stocks hit 27-month top, dollar slips on rate cut talk

SYDNEY - Asia stocks hit 27-month highs on Thursday as softer U.S. data narrowed the odds on a September rate cut there, boosting bonds and commodities while dragging on the dollar.

"The Labour party has relatively modest tax and spending plans, with the overall goal of shrinking the UK's large budget deficit," CBA analysts said.Across the English Channel, polls suggested the National Rally would not win a majority of seats in Sunday's French election as mainstream parties moved to block the far right.The U.S.

"Given the more encouraging personal consumption expenditure data in May, the risk of a reacceleration in inflation seems even less likely, particularly with GDP growth now running well below its potential," he added."We still think that the Fed will begin to cut interest rates this September."

Finance Finance Latest News, Finance Finance Headlines

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

Asia-Pacific markets mixed as China's May inflation rises for the 4th straight monthChina’s May inflation rate is expected to inch up to 0.4%, compared to April’s increase of 0.3%.
Source: NBCLA - 🏆 319. / 59 Read more »

Taiwan tops Asia's best-performing stock markets so far in 2024 — Japan is No. 2Global markets this year have been largely driven by the themes of AI and central bank policy, and that is likely to continue, according to T. Rowe Price.
Source: NBCNewYork - 🏆 270. / 63 Read more »