Asian Stocks to Track Wall Street's Tech Rebound: Markets Wrap
Jan 28, 2025 - financialpost.com
Asian stocks are expected to follow a tech-led rebound on Wall Street after a recent selloff, with attention shifting to the Federal Reserve's rate decision and major US tech earnings. The S&P 500 and Nasdaq 100 saw gains, driven by Nvidia's significant rally. The market is also reacting to President Trump's tariff threats and the Federal Reserve's upcoming decision, with bond traders anticipating potential rate cuts. Meanwhile, the Australian dollar is under pressure due to US-China tariff concerns, and investors are becoming more selective in AI investments following a recent market correction.
Key events this week include the US Federal Reserve's rate decision, earnings reports from major tech companies like Tesla and Microsoft, and economic data releases from the US and Eurozone. The market is not expecting immediate rate cuts from the Fed, but future projections will be closely watched. The Bloomberg Dollar Spot Index and oil prices have risen, while the Australian dollar and Japanese yen remain stable. Bitcoin and Ether have also seen slight increases.
Key takeaways:
Asian stocks are expected to follow a tech-led rebound on Wall Street after a global market selloff.
The Federal Reserve's rate decision and US mega-cap earnings are key focuses for investors.
Investors are becoming more selective with AI investments following a market correction.
Key events this week include the US Fed rate decision, major tech earnings, and economic data releases.
