A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent.Asian markets will be waking up to a jolt of central bank rate hikes and looking ahead to a big round of macro data on Friday.The Bank of England surprised many investors on Thursday by raising interest rates
Asian markets will be waking up to a jolt of central bank rate hikes and looking ahead to a big round of macro data on Friday.
England wasn't alone: The Swiss National Bank raised its policy rate and signaled more tightening was likely, while Norway's central bank raised its key policy rate to a 15-year high. The hawkish moves seemed to dent risk appetite. In Europe, the STOXX 600 index briefly hit its lowest point in nearly three months. On Wall Street, the S&P 500 and Nasdaq ended higher, but stocks broadly were on pace to tally weekly losses.
The U.S. dollar advanced after Powell's rate comments, with the greenback rising to its strongest level against the yen in more than seven months.
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