REUTERSAsian stocks staged a tentative rebound on Wednesday, helped by dovish comments from Federal Reserve Chair Jerome Powell and upbeat bank earnings on Wall Street, though simmering US-China trade tensions kept a lid on risk appetite. "We expect the Fed to cut by 25bp at both the October and December FOMC meetings." MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.45%, while the Nikkei rose 0.8% after sliding 2.6% in the previous session. In the broader currency market, the dollar was weighed down by the Fed cut bets, falling 0.25% against the yen to 151.42 and 0.06% against the Swiss franc to 0.8009. Oil prices slipped, with Brent crude futures down 0.1% to $62.33 a barrel, while US crude eased 0.07% to $58.66 per barrel.


Source:   bd News24
October 15, 2025 03:04 UTC