Asia-Pac markets rebound tracking tech-led rally on Wall Street, RBA keeps rates steady
==========
Asia-Pacific equity markets rebounded on Tuesday, as the Reserve Bank of Australia kept the cash rate unchanged at 4.35% for the fifth straight meeting and tracking a tech-led rally on Wall Street overnight. The Japanese yen stabilized around 157.6 per dollar. The Bank of Japan plans to release a plan on winding down its bond buying program in July. The People's Bank of China left its medium-term lending facility rate unchanged at 2.5%. The BSE crossed the 77,200 mark while the Nifty rose 0.3%. In the US, all three major indexes ended higher, fueled by substantial gains in the tech sector. US stock futures held steady on Tuesday. Key focal points include US retail sales data, weekly jobless claims, and flash purchasing managers' indices. Traders are monitoring upcoming remarks from several Fed officials.
#AsiapacificMarkets #EquityMarkets #TechledRally #ReserveBankOfAustralia #CashRate #JapaneseYen #BankOfJapan #BondBuyingProgram #People'sBankOfChina #MediumtermLendingFacilityRate #Bse #Nifty #UsStockMarket #FederalReserve
https://seekingalpha.com/news/4116841-asia-pacific-markets-rebound-tracking-tech-led-rally-on-wall-street-rba-keeps-rates-steady
Seeking Alpha /
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2024-06-18 09:25:12
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wss://relay.noswhere.comPublished at
2024-06-18 09:25:12Event JSON
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"content": "Asia-Pac markets rebound tracking tech-led rally on Wall Street, RBA keeps rates steady\n==========\n\nAsia-Pacific equity markets rebounded on Tuesday, as the Reserve Bank of Australia kept the cash rate unchanged at 4.35% for the fifth straight meeting and tracking a tech-led rally on Wall Street overnight. The Japanese yen stabilized around 157.6 per dollar. The Bank of Japan plans to release a plan on winding down its bond buying program in July. The People's Bank of China left its medium-term lending facility rate unchanged at 2.5%. The BSE crossed the 77,200 mark while the Nifty rose 0.3%. In the US, all three major indexes ended higher, fueled by substantial gains in the tech sector. US stock futures held steady on Tuesday. Key focal points include US retail sales data, weekly jobless claims, and flash purchasing managers' indices. Traders are monitoring upcoming remarks from several Fed officials.\n\n#AsiapacificMarkets #EquityMarkets #TechledRally #ReserveBankOfAustralia #CashRate #JapaneseYen #BankOfJapan #BondBuyingProgram #People'sBankOfChina #MediumtermLendingFacilityRate #Bse #Nifty #UsStockMarket #FederalReserve\n\nhttps://seekingalpha.com/news/4116841-asia-pacific-markets-rebound-tracking-tech-led-rally-on-wall-street-rba-keeps-rates-steady",
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