<\/p>\n\n\n\n
Asian equities moved higher on Tuesday as optimism increased that the U.S. Federal Reserve will cut interest rates in December, encouraging investors to rotate back into global technology stocks despite ongoing concerns about stretched valuations.<\/p>\n\n\n\n
MSCI\u2019s broadest index of Asia-Pacific shares outside Japan rose 0.75%<\/strong>, recovering part of last week\u2019s 4%<\/strong> decline and putting the benchmark on track for its first monthly loss since March. U.S. Treasury yields were little changed, with the 10-year yield<\/strong> steady at 4.038%<\/strong> and the two-year yield<\/strong> flat at 3.495%<\/strong> after a modest drop in the prior session.<\/p>\n\n\n\n Japan\u2019s Nikkei<\/strong> gained only 0.1%<\/strong> after a strong early advance, following a holiday closure. The index had fallen 3.5%<\/strong> the week before amid a risk-off mood. Rate-cut expectations intensified after Fed Governor Christopher Waller<\/strong> said recent data shows the U.S. labor market remains soft enough to warrant another 25-basis-point<\/strong> reduction. The dollar remained stable despite shifting rate expectations. The euro last traded at $1.15125<\/strong>, while the dollar index hovered at 100.25<\/strong>, retaining most of last week\u2019s nearly 1%<\/strong> advance.<\/p>\n\n\n\n Geopolitics also remained in focus. Tensions between Tokyo and Beijing<\/strong> persist following comments by Japan\u2019s Prime Minister Sanae Takaichi<\/strong>, suggesting a Chinese attack on Taiwan could prompt a Japanese military response. U.S. equity futures softened slightly, with both Nasdaq<\/strong> and S&P 500<\/strong> futures marginally lower. In commodities, Brent crude<\/strong> slipped 0.52%<\/strong> to $63.04<\/strong>, and WTI<\/strong> fell 0.48%<\/strong> to $58.56<\/strong>. Asian equities moved higher on Tuesday as optimism increased that the U.S. Federal Reserve will cut interest rates in December, encouraging investors to rotate back into global technology stocks despite ongoing concerns about stretched valuations. MSCI\u2019s broadest index of Asia-Pacific shares outside Japan rose 0.75%, recovering part of last week\u2019s 4% decline and putting the …<\/p>\n","protected":false},"author":9,"featured_media":31994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,39,36],"tags":[6849,6851],"class_list":["post-121168","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates","tag-asia","tag-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=121168"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121168\/revisions"}],"predecessor-version":[{"id":121169,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121168\/revisions\/121169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31994"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
European futures, however, dipped 0.2%<\/strong>, signaling a softer open.<\/p>\n\n\n\n
Hong Kong\u2019s Hang Seng<\/strong> edged 0.6%<\/strong> higher, while China\u2019s CSI300<\/strong> rose 1.1%<\/strong>.<\/p>\n\n\n\n
According to CME\u2019s FedWatch Tool, markets now price an 85.1%<\/strong> probability of a December cut\u2014sharply higher than 42.4%<\/strong> a week earlier. The Federal Reserve meets on December 9\u201310<\/strong>.<\/p>\n\n\n\n
Takaichi spoke with U.S. President Donald Trump<\/strong> on Tuesday, following his Monday call with China\u2019s President Xi Jinping<\/strong>. Trump said he plans to travel to Beijing in April at China\u2019s invitation\u2014seen as a further signal of improving relations after the countries\u2019 trade-war truce.<\/p>\n\n\n\n
U.S. stock and bond markets will close Thursday for Thanksgiving<\/strong>, reopening Friday for a half-day session.<\/p>\n\n\n\n
Spot gold<\/strong> held steady at $4,141<\/strong> an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"