Similar Stories to Asia Stocks Mostly Rise As China Rate Cut Offsets Us Data on Bing News

TOKYO (AP) — Asian stock markets were mostly higher Monday as a weekend interest rate cut by the Chinese central bank lifted sentiment following the release of lackluster U.S. growth data. "News of China's rate cut should help buyer mood this morning, compensating for a weak lead from the US market," said Ric Spooner, chief market analyst at CMC in Sydney. [...] while news of lower borrowing costs will help support equity valuations and be seen as a positive for commodity demand, market response may be limited. In some senses this rate cut is a technical response to the fact that lower inflation is making real borrowing costs more expensive in China. Brent crude, a key indicator for global oil prices, fell 42 cents to $62.16 a barrel in London.

Topics:  tokyo ap     asian   chinese   u.s    news   ric spooner   cmc   sydney   brent   london   in   china   data   rate cut   market   response   costs   
BING NEWS:
  • Asian stocks rise as tech boost offsets rate jitters; China leads
    Investing.com-- Most Asian stocks rose on Monday as technology shares tracked strong gains in their Wall Street peers, while Chinese markets advanced after the government further loosened some ...
    04/28/2024 - 4:06 pm | View Link
  • Asian shares slide on US rate cut rethink; China GDP beats estimates
    Asian stocks fell and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected U.S. retail sales for March further reinforced expectations that the Federal Reserve is ...
    04/15/2024 - 4:04 pm | View Link
  • Asian Shares Slide on Fed Rate Cut Rethink; China GDP in Focus
    Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT. MSCI's broadest index of ...
    04/15/2024 - 2:29 pm | View Link
  • Southeast Asia
    Several prominent Filipinos say the deal has effectively handed control of the Second Thomas Shoal to China. Several prominent Filipinos say the deal has effectively handed control of the Second ...
    04/14/2024 - 10:06 am | View Link
  • China and Russia send chilling warning to NATO over 'stretching hands' into Asia-Pacific
    China and Russia have reaffirmed their alliance by coming together to accuse NATO of encroaching on its "common home" of Asia, warning of consequences to continued interference. Top diplomats ...
    04/10/2024 - 11:08 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News