Asian Markets Surge, Nikkei Jumps 1.58%; US Interest Rate Cut Unlikely Soon
Business
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Moneycontrol•12-01-2026, 08:47
Asian Markets Surge, Nikkei Jumps 1.58%; US Interest Rate Cut Unlikely Soon
- •Asian markets are trading with gains, with Nikkei up 1.58% and Taiwan's market up 1.00%.
- •Dow Futures fell due to a criminal investigation against Fed Chairman Jerome Powell, initiated by the Trump administration over rate cut disagreements.
- •US indices closed at record levels on Friday; S&P 500 is 35 points from 7,000, Dow 500 points from 50,000.
- •The Fed is expected to keep rates unchanged on January 28 (96% expectation) and in March (72% expectation).
- •J.P. Morgan reports strong retail investor buying on Wall Street, with $10.1 billion in 4 days, mostly via ETFs.
Why It Matters: Asian markets show strong gains despite US Fed Chairman investigation; US interest rates likely to remain stable.
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