Asian markets drop as traders temper rate cut bets

Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back. Traders are now awaiting the release later in the week of key US jobs data, with a miss to the downside of expectations likely to ramp up optimism for a rate cut in early 2024.

  News   Dec 5, 2023   0   88  Add to Reading List
Asian markets drop as traders temper rate cut bets
Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back. Traders are now awaiting the release later in the week of key US jobs data, with a miss to the downside of expectations likely to ramp up optimism for a rate cut in early 2024.
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