Asia, US stock futures climb after Fed rate pause

(Image: Bloomberg)

Thu, 15 Jun 2023

By Richard HendersonStocks in Asia are poised for muted gains after United States equities inched higher after the Federal Reserve paused interest rate hikes but warned further increases this year remain on the table.Futures for equity benchmarks in Japan, Australia and Hong Kong advanced. US contracts were moderately higher in early Asian trading following the 0.1% rise for the S&P 500 on Wednesday, which closed at the highest level since April last year. The Nasdaq 100 rose 0.7%, bringing its gain since the start of the year to 37%.T...

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