scorecardresearchGlobal Markets: Shares rally as markets bet on more gradual rate hikes

Global Markets: Shares rally as markets bet on more gradual rate hikes

Updated: 29 Jul 2022, 08:13 AM IST
TL;DR.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.41%. Japan's Nikkei share average opened up 0.36%, while the Seoul index and Australia's index opened up 0.75% and 0.76% respectively.
As traders work and watch, a news conference held by Federal Reserve Chair Jerome Powell is displayed at the New York Stock Exchange in New York, Wednesday, July 27, 2022. Stocks on Wall Street are solidly higher in afternoon trading Wednesday after the Federal Reserve raised its key interest rate by a widely expected three-quarters of a point as the central bank ratchets up its campaign to quell surging inflation. (AP Photo/Seth Wenig)

As traders work and watch, a news conference held by Federal Reserve Chair Jerome Powell is displayed at the New York Stock Exchange in New York, Wednesday, July 27, 2022. Stocks on Wall Street are solidly higher in afternoon trading Wednesday after the Federal Reserve raised its key interest rate by a widely expected three-quarters of a point as the central bank ratchets up its campaign to quell surging inflation. (AP Photo/Seth Wenig)