Asian markets join rally after Wall St, European recordsPeople use their phones next to a display showing the stock numbers on the Hang Seng Index in Hong Kong on April 27, 2022. . He said the Fed "can and will" begin lowering rates if the economy remains strong, inflation keeps falling and the jobs market softens. The European Central Bank added to the upbeat mood in trading floors, with its president Christine Lagarde suggesting reductions could start in June. Asian investors picked up the baton happily Friday, with Hong Kong, Tokyo, Shanghai, Sydney, Seoul, Singapore, Taipei, Wellington, Manila, Mumbai, Bangkok and Jakarta well up. "Bad (weak) news will be good news in this regard, with rising confidence in lower rates currently in the global markets driving seat."

Source: Philippine Star March 08, 2024 13:47 UTC