Fed Chair Powell hints at possible interest rate cut, boosting Asian and European stock markets.
Asian and European stock markets rose after Federal Reserve Chairman Jerome Powell suggested interest rates could be cut before inflation reaches the bank's 2% target. Wall Street saw record highs, influencing Asian markets such as Hong Kong, Tokyo, Shanghai, Sydney, Seoul, Singapore, Wellington, Taipei, and Manila. Investors await further updates from a key Communist Party meeting.
July 11, 2024
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