You are here

SUBSCRIBERS
STOCKS

Asian markets ease on Powell's comments

His hawkish bias aside, Asia investors also dealing with outcome of US-China trade talks, and growth concerns

WITH the US Federal Reserve's rate cut of 25 basis points announced following its July meeting, markets got what they expected. Afterall, markets globally have, in the two months leading up to Wednesday's meeting, already priced in this rate cut.

But central bank chairman Jerome Powell's...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes