Global Market Today: Asian stocks drop at open, Brent snaps advances

April 29, 2026

Asian stocks opened lower, mirroring a tech selloff on Wall Street driven by concerns over AI investment returns ahead of key earnings. Treasury yields rose as oil prices fueled inflation expectations, curbing Fed rate cut bets. Technology firms’ earnings are now crucial for sustaining the recent global equity rally.

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Fed officials give hints on rate decision as markets cut October rate hike odds

Fed officials tempered expectations for an October rate hike after Philip Jefferson and John Williams stressed patience and data dependence. Markets sharply reduced hike odds,

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