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Headline : Most Asian markets drop as traders weigh US rates outlook

Read more from the original article on here at www.tuko.co.ke.





Tags : #most #asian #markets #drop #traders #weigh #us #rates #outlook


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Most Asian markets turned lower Tuesday after a negative lead from Wall Street fuelled by profit-taking, while traders try to ascertain the outlook for US interest rates.

Comments from top Federal Reserve officials suggesting they would like to see a slower pace of rate cuts tempered hopes for another bumper cut at the bank's next meeting, while Middle East worries pushed gold to a new record.

With few catalysts to drive business, investors took a step back Tuesday after the Dow and S&P 500 came off all-time highs, with concerns growing that stocks may be overbought and due a correction.

Read more from the original article on here at www.tuko.co.ke.


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