Asian markets are trading mixed on Thursday, following the broadly positive cues from Wall Street overnight, as traders are cautiously optimistic after the US Fed left interest rates unchanged despite inflationary pressures amid spiking crude oil prices. However, reports of the possibility of U.S. attacks on Iran by next week are fueling crude oil supply disruption concerns for an indefinite period. Asian markets closed mostly higher on Wednesday.
The central bank’s next monetary policy meeting is scheduled for December 8-9, with CME Group’s FedWatch Tool currently indicating an 85.0 percent chance the Fed will raise rates by a quarter point.
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Asian Markets Trade Mixed
2026-10-29 03:11:04
