Asian Markets Rise As US Rate Cut Bets Temper Japan Bond Unease [Barron's]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Barrons
Expectations the Federal Reserve will lower borrowing costs has provided a boon to markets in the past few weeks and saw them recover early November's losses that had been stoked by fears of a tech bubble. Advertisement - Scroll to Continue Bets on the central bank easing monetary policy for a third successive meeting have been rising since a number of decision-makers said protecting jobs was a bigger concern for them that keeping a lid on elevated inflation. Those comments have been compounded by figures showing the economy -- particularly the labour market -- continues to soften while inflation appears to be stabilised for now. The latest round of data added to that narrative, with a survey of manufacturers by the Institute for Supply Management indicating that activity in the sector contracted for a ninth straight month. After a mixed day to start the week, Asia's markets resumed their recent rally Tuesday. Advertisement - Scroll to Continue Hong Kong, Sydney, Seoul,
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