Asian markets traded higher on Friday tracking an overnight rally on Wall Street after dovish signs from central banks. Gains in Asian markets followed overnight rally in the S&P 500 Index which set a record Thursday, and the tech-heavy Nasdaq 100 rising 1.6%. Read here: US Fed is ‘not far’ from gaining confidence needed to cut interest rates, says PowellCleveland Fed President Loretta Mester also said that the central bank should be able to begin cutting interest rates later this year, should inflation continue to cool. Meanwhile, oil prices traded higher after falling in the previous session as traders weighed the outlook for interest rates and tumult in the Middle East. From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away!

Source: Mint March 08, 2024 09:53 UTC