GLOBAL MARKETS - Asia Rides Wall St Rally, Dollar Sags on US Inflation Relief

May 16, 2024, 09.37 AM | Source: Reuters
GLOBAL MARKETS - Asia Rides Wall St Rally, Dollar Sags on US Inflation Relief

ILUSTRASI. A trader works inside a booth, as screens display a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 1, 2024. REUTERS/Stefan Jeremiah

GLOBAL MARKET - TOKYO. Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder U.S. inflation report raised expectations the Federal Reserve will deliver at least two rate cuts this year.

The dollar remained on a downtrend, sagging to fresh multi-week lows against peers including the euro and sterling.

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