Asian markets rise ahead of Federal Reserve's Warsh remarks
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Asian equity markets closed broadly higher on Friday as investors awaited commentary from Federal Reserve Chair Kevin Warsh for clues on the U.S. central bank's interest-rate path. The session unfolded against a backdrop of persistent inflation and no clear signal that a rate cut is imminent, according to market participants.
Regional shares tracked improved global risk appetite, with technology and industrial stocks leading gains across major Asian exchanges. The U.S. dollar and Treasury yields fluctuated as investors weighed the Fed's likely next steps.
Analysts said Warsh's remarks could shape trading across global markets, particularly given uncertainty over the timing of any policy easing. No further details on his prepared comments were immediately available.
