Stock market today: Asian shares mostly higher, though China benchmarks falter
8 months ago

Stock market today: Asian shares mostly higher, though China benchmarks falter

Associated Press  

Asian markets were mostly higher Tuesday after another day of gains on Wall Street, although Chinese shares faltered. AP AUDIO: Stock market today: Wall Street rises to add to last week’s gains Market momentum from last week continues Monday. It sunk for weeks on fears that stubbornly high inflation would prevent or at least delay the Federal Reserve from delivering the cuts to interest rates that Wall Street craves. Goldman Sachs economist David Mericle said he still expects two cuts to rates this year, in July and November, after Fed Chair Jerome Powell “pushed back strongly against the possibility of further rate hikes” at his press conference last week.

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