Stock markets rise on improving US rates outlook

12 days ago Khaleej Times

Stock markets rise on improving US rates outlookTokyo was the standout performer, rallying more than one per cent following a blockbuster pre-weekend performance on Wall Street as tech shares ralliedTraders work on the floor at the New York Stock Exchange in New York. — APBy AFP Published: Mon 23 Jan 2023, 8:53 PMStock markets headed higher Monday as investors eyed less aggressive US interest rate hikes this year with inflation starting to cool from sky-high levels. Investors will also looking to US inflation data coming out Friday in the hopes it will give the Fed added reason to slow its rate hikes. In Asia, trading was thin with a number of stock markets closed for the Lunar New Year holiday. “Oil prices are trading higher on diminishing recession risks while easing inflation pressure suggests the days of outsized hikes are behind us, broadly supporting risky assets,” Innes added.
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