Asia markets rise, lifted by positive mood
The first day of the month sees gains across Asian markets that followed Wall Street’s lead, fuelled by a general sense of optimism about the economic outlook. – EPA pic, August 1, 2023.
ASIAN investors started August in the same way they ended July, with gains across markets that followed Wall Street’s lead, fuelled by a general sense of optimism about the economic outlook. Bets on the Federal Reserve calling it a day on its interest rate hiking cycle have been a key driver of buying for weeks as inflation continues to drop while the economy remains robust.
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