Asian markets stabilise as US bond yields retreat after tax-cutting budget clears key hurdle
Friday, 23 May 2025 () Asian markets rebounded following a volatile period, buoyed by receding US bond yields and optimism surrounding economic stability. Investors are closely monitoring the potential impact of the US tax bill, which extends existing tax cuts but raises concerns about the growing national debt. Positive economic data and hints of future interest rate cuts from the Federal Reserve further boosted market sentiment.
Asian and European equities collapse on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. US..
Friday, 23 May 2025 ()
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