The repricing by markets in favour of a deeper cut has given a boost to risky assets
LONDON – European stocks were higher on Tuesday, while the US dollar was pinned lower, a day before the US Federal Reserve is expected to begin an easing cycle that could see policymakers deliver an outsized rate cut.
and sent the dollar and bond yields lower. The pan-European STOXX 600 was up 0.5% to a two-week high. Germany's DAX, Britain's FTSE 100 and France's CAC 40 were up 0.3%-0.7%. "The problem is this is a high bar for a large rate cut, particularly at the start of the easing cycle. If nothing else, it creates the impression that central bankers have made a mistake and fallen behind the curve."The two-year US Treasury yield, which typically reflects near-term rate expectations, was last at 3.5527%, having fallen to a two-year low of 3.528% in the previous session.
Still, the recent fall in US Treasury yields and expectations that the BOJ will have to tighten policy further has supported the yen against the dollar.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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