Oddbean

Asian markets rally on US data after Dow hits record on Wall St ========== Asian markets rose on 31 Aug 2024 after a record day on Wall Street; strong US economic data reassured investors; GDP expanded more than initially thought in Q2; jobless claims dipped; Fed's preferred inflation gauge and non-farm payrolls report upcoming; Fed chair Jerome Powell indicated it's time to lower rates; Atlanta Fed's Raphael Bostic expressed caution regarding September rate cuts; US markets mixed with Dow hitting record high while Nasdaq and S&P 500 fell due to Nvidia's 6.4% drop; Asian tech firms rebounded; Hong Kong up over 1%; inflation in Tokyo rose more than expected in August. #AsianMarkets #UsEconomy #DowJones #Inflation #FederalReserve #Nvidia #Gdp #JoblessClaims #InterestRates #Tokyo https://bangladeshpost.net/posts/asian-markets-rally-on-us-data-after-dow-hits-record-on-wall-st-144561