Asian stocks fell on global markets after bets on the Federal Reserve cutting rates this year in light of the labor market, Reuters reported.
Publish dateTuesday 11 June 2024 - 02:18
Futures trade is about 36 bps lower for the Fed, down from 50 bps last week.
The yen fell more than 0.2 percent to 157.09 against the dollar. The dollar index, which measures the value of the dollar against a basket of six dollars, reached 105.29. Japan's Nikkei rose 0.9 percent, helped by a weaker yen.
Futures were similarly down, with EUROSTOXX 50 futures losing 0.42 percent while French futures fell 0.3 percent. FTSE futures were down 0.7 percent.
Brent crude futures rose 0.26 percent to $79.83 a barrel, while U.S. West Texas Intermediate crude futures rose 0.24 percent to $75.71 a barrel. An ounce of gold rose 0.13% to $2,295.29.
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Source : news agency wam
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