Asian Equities to Fall After Wall Street Slump: Markets Wrap
Stocks in Asia were primed to fall after Wall Street notched up its worst session of the year on lacklustre US economic data, with the euro strengthening following an election in Germany. The drop in equity futures echoed the downbeat mood in New York trading on Friday. US consumers' long-term inflation expectations rose to their highest level in almost three decades, sparking concerns about interest rate hikes.
- This market downturn may be a harbinger of broader economic woes, as weakening US consumer confidence and rising inflation expectations could spell trouble for global growth.
- How will the Federal Reserve's response to these economic indicators shape the trajectory of monetary policy and interest rates in the coming months?