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No new year bounce for stocks, even as traders eye rate cuts

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AFP

Hong Kong (AFP) – Asian markets were mixed Tuesday as most traders returned from the New Year break looking forward to a 2024 that is expected to see a series of Federal Reserve interest rate cuts, but to also be full of economic and political uncertainty. After a blockbuster run in the past two months, Wall Street stuttered last week, though analysts are hopeful for another surge as US monetary policy eases. The next few days will provide fresh insight into the outlook for rates, with the release of minutes from the Fed’s December meeting, followed by jobs creation data. Indications from the …

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