Asian equities gain as Fed chair Powell reaffirms July rate cut expectations
Equities in the region are mainly taking its cue from Wall Street, trading higher on the back of sentiment that the Fed will be looking to cut rates later this month.
Powell’s testimony all but sealed the deal in that regard and that is feeding into equity gains ahead of European trading as well. US futures are up by 0.2% currently and that should offer similar sentiment to European stocks as well as we begin the session.