Investing.com – Asian stocks took a pause on Monday after global equities experienced their best week in nine months, driven by optimism that the US economy will avoid a recession and cooling inflation will trigger a cycle of interest rate cuts.
Currently, the expectation of a softer-than-soft landing for the US economy has and up by 0.2% apiece, building on last week’s gains.
MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.2%, after rallying 2.8% last week. slipped 0.4%, following a nearly 9% surge last week.
The prospect of lower borrowing costs also pushed prices above $2,500 an ounce for the first time, while the slipped against the . However, both the safe-haven and weakened as risk appetite recovered.
Over the weekend, Federal Reserve members Mary Daly and Austan Goolsbee hinted at the possibility of easing monetary policy in September. , due for…
