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Asian stocks aim for weekly gains.

Byadmin

Nov 18, 2022 ,
Азиатские акции нацелены на недельный рост благодаря технологическому ралли

Investors are more optimistic about China.

As investors grew more positive about the continued loosening of restrictions imposed in China as a result of COVID, Asian shares increased.

As Goldman Sachs strategists bet on China’s economic rebound, they increased Hong Kong stocks’ market weight while the indicator of Chinese technology stocks increased by 4.4%.

The Fed warns again about raising interest rates.

“The market thinks that inflation is trending lower.” We concur, but the Fed shouldn’t change course and lower rates just because inflation has reached its peak. The Fed and the market still have a fundamental disconnect, according to Paul Christopher, head of global market strategy at the Wells Fargo Investment Institute.

Inflation in Japan surged in October to its highest level in forty years. Even as the collapse of Sam Bankman-Fried’s FTX empire continues to shake the cryptocurrency market, gold surged as the dollar fell and bitcoin was on track for weekly gains.

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