"Powell's Remarks and Chinese Shares Drive Market Fluctuations"

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Source: Yahoo Finance
"Powell's Remarks and Chinese Shares Drive Market Fluctuations"
Photo: Yahoo Finance
TL;DR Summary

Treasuries fell as Federal Reserve Chair Jerome Powell indicated policymakers will likely wait beyond March before cutting interest rates, causing US 10-year yields to climb in Asia. Chinese stocks swung after official support signals, with Hong Kong and mainland China stocks recovering from earlier losses. The dollar strengthened against major peers, and investor bets for a rate cut in March by the Fed tumbled to around 20%. Oil edged higher amid US-Iran tensions, while former US President Donald Trump signaled potential tariffs on Chinese goods. Key events this week include Eurozone data, Australia rate decision, and speeches by central bank officials.

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