Posted 11/28/2023, 12:29:53 AM
Asian Stocks Up, Oil Rebounds as Investors Await Fed, ECB Guidance on Rates Outlook
- Asian stocks edged higher on Tuesday, set for strong monthly gains in November
- Investors convinced Federal Reserve is done with rate hikes and looking ahead to key US inflation data
- Markets pricing in 96.8% chance of no rate change at next Fed meeting, with rate cuts possible in 2024
- ECB President and Fed Chair speeches later this week to provide more clues on inflation outlook and rate policy
- Oil prices inched higher Tuesday after steep fall Monday; investors awaiting OPEC+ meeting and potential supply curbs