Asian shares slide on Fed rate cut rethink; China GDP in focus
Malay Mail Online - Money·2024-04-16 15:00
SINGAPORE, April 16 ― Asian stocks fell and the dollar climbed to more than five-month highs today as stronger-than-expected US retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.
Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT.
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