Equities mixed after Fed rate cut hope, strong yen hits Tokyo
Thursday, 1 August 2024 () Hong Kong (AFP) Aug 1, 2024
Stocks were mixed Thursday after the Federal Reserve flagged a possible interest rate cut next month, but Tokyo's Nikkei tumbled on a stronger yen following a hike by the Bank of Japan. US central bank boss Jerome Powell said decision-makers were increasingly confident inflation and the economy were at a point where they could start loosening monetary policy. He said after a highly antic
Thursday, 1 August 2024 ()
Hong Kong (AFP) Aug 1, 2024