SE Asia Stocks-Rise as weak US data boosts hopes of Fed rate cut
Southeast Asian stock markets inched
higher on Thursday in thin trade, as weak economic data in the
United States fuelled hopes of a U.S. Federal Reserve rate cut
as early as July, which boosted risk appetite.
“Risk-on sentiment returns with sputtering U.S. economic
data putting the Fed policy easing back in focus,” ING said in a
note.
“Disa
higher on Thursday in thin trade, as weak economic data in the
United States fuelled hopes of a U.S. Federal Reserve rate cut
as early as July, which boosted risk appetite.
“Risk-on sentiment returns with sputtering U.S. economic
data putting the Fed policy easing back in focus,” ING said in a
note.
“Disa
Posted by Reuters