Jun
07
Asian Stock Gauge Holds at Two-Month Low on Fed Rate Outlook
ByAsia’s benchmark stock index held at a two-month low after better-than-forecast U.S. employment data bolstered the case for the Federal Reserve to raise interest rates this year.
The MSCI Asia Pacific Index slipped less than 0.1 percent to 147.83 as of 9:03 a.m. in Tokyo. The measure slid 2.3 percent last week, closing Friday at the lowest since April 3. Bets in interest-rate futures showed the odds the Fed will boost borrowing costs in September rose to 33 percent on Friday after the best U.S. jobs report in five months, from 27 percent before the data…
Asian Stock Gauge Holds at Two-Month Low on Fed Rate Outlook
