Equities in India’s share market remained subdued today as optimism about early and aggressive US interest rate cuts waned. Investors are eagerly awaiting the release of the Federal Reserve’s minutes and jobs data, which will provide further insight into the monetary policy outlook. Asian markets also declined, with particular focus on Chinese tech stocks as Beijing removed a top official overseeing the gaming industry. This move suggests that the government is trying to address the backlash against new regulations, which caused an $80 billion drop in the sector. Additionally, the bond market experienced a slump, with Treasury yields rising, indicating doubts about the extent of expected monetary easing. The Federal Reserve minutes for the December policy meeting, as well as a series of upcoming data releases, including the US nonfarm payrolls report, will be closely watched by market participants. In the cryptocurrency market, Bitcoin saw a modest increase, while oil prices remained marginally higher after a previous drop.
Stocks Fall as Market Optimism for US Interest Rate Cuts Fades
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