News

Hawkish RBA Struggles to Win Over Market That Expects Easing

(Bloomberg) -- Australia’s central bank chief Michele Bullock is struggling to persuade money markets and economists with her hawkish message, in a sign that the Reserve Bank has work to do to win back credibility lost during the pandemic.Most Read from BloombergThe Serious Work That Free Play Can DoThe RBA this week used minutes of its August meeting to convey how seriously it considered raising interest rates before opting to keep them higher for longer. While the statement made it clear a cut

Korean Stock Bulls Pin Hopes on Fed Rate Cuts for Revival

(Bloomberg) -- South Korean bulls are looking to the Federal Reserve’s interest-rate cuts to give the country’s stocks a bigger boost over emerging Asian peers.Most Read from BloombergThe Serious Work That Free Play Can DoMoney managers at Causeway Capital Management and M&G Investments are among those expecting the won to gain momentum as the Fed eases, attracting foreign inflows in a market heavily swayed by global investors. As risk sentiment improves along with lower interest rates, bulls ar