Asian Markets Mixed, Fed Rate Decision Looms

Asian markets display mixed results amidst Federal Reserves upcoming interest rate decision, with Japans economy contracting at a worse-than-expected rate and ongoing tensions between Japan and China adding to traders caution. Ulta Beauty and Victorias Secret shares rise after reporting better-than-expected earnings, while Warner Brothers Discovery jumps following Netflixs acquisition plans. Traders anticipate a potential rate cut by the Federal Reserve to support the slowing US job market, which could boost investment prices but also worsen inflation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.