The initial reaction was one of relief that new tariffs were avoided and Japan's Nikkei climbed 1.6% to a two-month top. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.4%. Chinese blue chips climbed 2.1% to their highest since late April. E-Mini futures for the S&P 500 rose 0.8% and FTSE futures 0.5%.
NEW YORK: If one subset of Wall Street bond strategists is right, Federal Reserve officials this week may avoid giving a clear nod to the possibility of rate cuts ahead, a worrisome prospect for Treasuries bulls.
As the central bank’s June 18-19 meeting approaches, the bond market and many economists are banking on easing in 2019 as trade tensions cloud the global growth outlook and inflation expectations sink to record lows.
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