Asian equities opened higher, mirroring gains in US stocks and fueling hopes for a year-end rally. Investors are closely watching China’s loan prime rates and upcoming economic data from the UK, US, and Japan for clues on central bank policy. Meanwhile, oil prices climbed amid US actions in Venezuela, and Bitcoin and silver saw modest gains.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation