• SENSEX
    NIFTY 50
Bonds

Asia stocks slip after Fed tempers aggressive rate cut expectations

Updated : June 26, 2019 08:18 AM IST

Fed Chair Jerome Powell on Tuesday said the central bank is "insulated from short-term political pressures," pushing back against US President Donald Trump's demand for a significant rate cut.
Tracking overnight losses on Wall Street, Australian stocks dipped 0.15 percent, South Korea's KOSPI shed 0.1 percent and Japan's Nikkei retreated 0.6 percent.
The dollar index against a basket of six major currencies stood at 96.177, holding to modest gains made the previous day. The index had bounced back from 95.843 on Tuesday, its lowest level since March 21, following comments from the top Fed officials.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV