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  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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2019/07/11

Asian Stocks Push Higher; Dollar Slips on Powell: Markets Wrap


Asian stocks climbed and U.S. futures ticked higher, after comments by Federal Reserve Chairman Jerome Powell cemented market bets for a rate cut this month. Treasuries rose with the yen and the dollar retreated. Shares rose across the region with South Korean and Hong Kong stocks outperforming. Gains in Japan and China were more muted. Earlier, the S&P 500 briefly topped 3,000 for the first time after Powell signalled a willingness to lower rates, citing a slowing global economy and trade issues. Minutes from the Fed’s June meeting confirmed an inclination among officials to ease policy soon. But stocks came off their highs, with financial shares leading the pullback. The yield on 10-year Treasuries slipped to 2.04%. -  Bloomberg 


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