Asian stocks climbed, mirroring Wall Street’s record highs driven by the AI trade and robust US consumer resilience. Japan, South Korea, and Australia saw gains, with the MSCI Asia Pacific Index on track for its sixth weekly rise. Nvidia’s rally fueled US trading, while Brent crude edged higher and the dollar maintained its strength.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend