Asia Stocks to Gain as US Peers Rebound, Yen Gains: Marke…

Katharine Neiss, PGIM Credit Global Economics Deputy Head, commented on the Federal Reserve's decision to keep interest rates unchanged, stating that Chairman Kevin Warsh's press conference was weaker than anticipated and predicting a hawkish change in September with three consecutive rate hikes. Concurrently, Asian stocks are expected to rise following a rebound in U.S. megacap technology shares, with equity-index futures indicating gains after significant increases in the S&P 500 and Nasdaq 100. Notably, Microsoft saw a remarkable 16% surge, adding about $450 billion in value, while Amazon's cloud-computing revenue growth continued for the fifth straight quarter, though Apple faced challenges with disappointing sales in China.

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PGIM Credit Global Economics Deputy Head Katharine Neiss discusses the Federal Reserve’s decision to leave interest rates unchanged on Wednesday, saying Chairman Kevin Warsh delivered a “weaker press conference than expected.” Speaking on Bloomberg Television, Neiss adds that the central bank’s “Hawkish tilt” will come in September, with three sequential rate hikes.Source: Bloomberg

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By Toby Alder

July 30, 2026 at 10:15 PM UTC

Updated on July 30, 2026 at 10:22 PM UTC

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Stocks in Asia looked set to rise Friday after a rebound in megacap US technology shares revived confidence in the artificial intelligence trade.

Equity-index futures for Australia, Japan and South Korea pointed to gains after the S&P 500 rose 1.7% and the Nasdaq 100 climbed 3.4%. Microsoft Corp. surged 16%, adding roughly $450 billion to its value, the most by any stock in a single day. Contracts for US equities rose in Asia as Amazon.com Inc. jumped in late trading after reporting cloud-computing revenue that accelerated for the fifth straight quarter. Apple Inc. slipped after hours on weak China sales.

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Asia Stocks to Gain as US Peers Rebound, Yen Gains: Markets Wrap