Asia Stocks to Follow US Rally on Rates Optimism: Markets Wrap
Asian stocks eked out gains, following Wall Street’s advance on optimism the Federal Reserve will start cutting interest rates this year. The yen dropped.
Asian stocks eked out gains, following Wall Street’s advance on optimism the Federal Reserve will start cutting interest rates this year. The yen dropped.
Oil advanced for a second day on tensions in the Middle East, with Israel rejecting a cease-fire proposal for the Gaza Strip, and a risk-on mood that helped lift wider financial markets.
Princeton Digital Group secured a $280 million green loan to help finance a $1.5 billion data center it’s building in southern Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June.
The pace of merger and acquisitions is picking up as global markets’ confidence returns and the path for interest rates becomes clearer, Macquarie Group Ltd. Chief Executive Officer Shemara Wikramanayake said.
Philippine inflation quickened for a third straight month in April, although at a pace that was slower than anticipated and one that’s likely to keep the central bank on guard in terms of the policy interest rate.
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