Asian shares experienced an upswing, mirroring Wall Street’s significant rally driven by improved US consumer confidence and a global bond surge. Japan’s stock market led the gains, while Treasury yields stabilized after a sharp decline. Investors are closely watching Nvidia’s earnings and a key Japanese bond auction for market direction amid lingering economic uncertainties.
US Federal Reserve chair Kevin Warsh says he will stick by 2% inflation target, vows to bring in real-time economic data for making interest rate decisions
Federal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite President Trump’s calls for rate cuts.
July 1, 2026