Asian Stocks Gain as Markets Brace for US Rate Decisions
Asian shares edged higher on Monday, March 06, 2023, while bond markets stayed cautious ahead of a U.S. rate outlook update and an upcoming jobs report that could determine the size of the next interest rate hike. Investor sentiment was slightly dampened by Beijing’s decision to set a modest growth target of 5%, below the […]
Australia’s Economic Slowdown as Inflation Tightens Its Grip
Australia’s economy experienced its slowest growth in a year during the last quarter, with rising interest rates and high inflation taking a toll on consumer spending. While trade contributed positively, without it, the economy would have contracted in the December quarter due to the squeeze on purchasing power from higher prices. The Australian Bureau of […]
