Now Reading: Asian markets rally, crude up as Fed rate hike bets ease
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Asian markets rally, crude up as Fed rate hike bets ease
Asian markets opened higher on Monday, with US stocks closing in the green last week, as expectations of a Federal Reserve rate hike in September diminished following the latest nonfarm payrolls data.…
The Story in Brief
Asian markets opened higher on Monday, with US stocks closing in the green last week, as expectations of a Federal Reserve rate hike in September diminished following the latest nonfarm payrolls data. Crude oil prices also edged up in early trade.
The Gift Nifty indicated a positive start for Indian equities. Investors will track cues from global peers, oil price movements, and domestic macroeconomic data for further direction.
The Indian Opinion
The market cheer over a potential Fed pause is understandable, but the real test for Indian markets will be domestically. Headline narratives about global rate cuts often overlook sticky core inflation in the US. The real number to watch is not the Fed's next move, but India's own retail inflation print. That will decide if the RBI can follow suit, or if it must stay hawkish.
Sources (2): ndtvprofit.com, ndtvprofit.com (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
