AsiaPacific

Australia rises 25bps as expected, Hong Kong stocks lead gains in Asia-Pacific markets

Australia rises 25bps as expected, Hong Kong stocks lead gains in Asia-Pacific markets

Australia’s central bank raises rates by 25 basis points as expected The Reserve Bank of Australia raised interest rates by 25 basis points to 2.85%, in line with the average analyst forecast in a Reuters poll. This is the seventh consecutive tightening by the RBA in an effort to control inflation in the country. The …

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Asia-Pacific stocks mixed as China's factory and service businesses contract

Asia-Pacific stocks mixed as China’s factory and service businesses contract

Goldman Sachs expects Fed rates to peak at 5% Goldman Sachs economists expect the Federal Reserve Funds Rate to peak at 5%, after raising its central bank rate hike forecast by 75 basis points at the next meeting this week. Economists led by Jan Hatzius said in a Saturday note they were adding another 25 …

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Asia-Pacific markets are generally lower as the yen nears 150 against the US dollar

Asia-Pacific markets are generally lower as the yen nears 150 against the US dollar

DoubleLine Capital’s Gundlach says Treasury yields could peak before the end of the year DoubleLine Capital CEO Jeffrey Gundlach said U.S. Treasury yields “may well peak by the end of the year.” “Note how flat the long term is,” he said in a tweet, following a list of current yield levels. “Sign of exhaustion of …

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