Asia markets rise as investors await Fed's key rate hike decision
Publishing timestamp: 2023-03-21 20:57:32
Summary
Asia-Pacific markets rose ahead of the U.S. Federal Reserve's latest update on its rate hike decision. Nike reported a decline in sales in China during the holiday quarter, but CEO John Donahoe remained optimistic. Goldman Sachs named its favorite stocks in energy and Treasury Secretary Janet Yellen said the government is prepared to guarantee more deposits if the banking crisis worsens. CEOs from big banks are meeting in Washington to discuss First Republic Bank. Insight Investment believes inflation will remain high in 2023 but expects the Fed to raise interest rates by 25 basis points on Wednesday.
Sentiment: MIXED
Tickers: .SSEC, 8411.T-JP, 8316.T-JP, .IXIC, .SPX, .HSI, CVX, .AXJO, .N225, 7203.T-JP, XOM, @LCO.1, 6758.T-JP, NKE, JPY=, .DJI, .KS11, AUD=, 8306.T-JP, .DXY, .SZI, @CL.1, 9984.T-JP,
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