Marketmind: All boats rise on safe-haven, Fed view
© Reuters. FILE PHOTO:A woman walks past a man examining an electronic board showing Japan's Nikkei average and stock quotations outside a brokerage, in Tokyo, Japan, March 20, 2023. REUTERS/Androniki Christodoulou/File Photo - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
The rebound in risk sentiment was largely due to comments from two Fed officials that the recent rise in long-term bond yields and tightening of financial conditions mean the Fed may be done raising rates. Lower U.S. yields, implied rates and dollar exchange rate comprise a far more benign set of conditions for Asian and emerging markets than those initially seen on Monday following the events in Israel and Gaza over the weekend.index even managed to eke out a slender gain and has now risen three days in a row, its best run in over a month.
There are also four U.S. Fed officials scheduled to deliver speeches on Tuesday, and markets will be sensitive to whether Raphael Bostic, Christopher Waller, Neel Kashkari, and Mary Daly stick to the line given by their colleagues on Monday.
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