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Asian stock market remains mixed amid US-Iran uncertainty, KOSPI soars
Asian equity markets reflect a mixed performance on Wednesday, while uncertainty surrounding a breakthrough in the United States (US)-Iran negotiations has escalated, following Washington’s attacks on southern Iran.Fxstreet
Wed, May 27
Fed’s Kashkari: Risk to US inflation now higher than risk of deterioration in labour market
Minneapolis Federal Reserve (Fed) Bank President Neel Kashkari said in the European trading session on Wednesday that the major concern for the central bank now is higher United States (US) inflation than deteriorating labor market conditions; however, the central bank needs to pay attention to bothFxstreet
Wed, May 27
Equities: Small caps shine as earnings broaden – Danske Bank
Danske Research Team notes that US equities advanced, with the S&P 500 up 0.6% and the Russell 2000 outperforming with a 1.8% gain. The analysts stress that small caps are unusually strong given a perceived narrow tech-led rally and shifting rate expectations.
Fxstreet
Wed, May 27
BoJ's official: Financial conditions remain easy in Japan, underpinning economic activity
A Bank of Japan (BoJ) official told Parliament during the Asian session on Wednesday that financial conditions in Japan remain easy, backing strong economic activity, a scenario that leaves room for tightening monetary conditions further.Fxstreet
Wed, May 27
WTI slips below $92.00 despite US-Iran peace uncertainty
West Texas Intermediate (WTI) oil price declines after registering more than 3% gains in the previous day, trading around $91.90 per barrel during the Asian hours on Wednesday. Crude oil prices decline as traders weigh potential progress toward a US-Iran peace agreement.
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