Asian shares steady as hopes of US rate cut lift sentiment
Asian markets are finishing a difficult month on firmer ground thanks to expectations of an upcoming US rate cut, with European stocks also mostly higher.
Asian shares look set to end a tough month on steadier ground, supported by growing hopes that the United States may cut interest rates in the near future.
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Expectations of an imminent shift in Federal Reserve policy have helped ease valuation concerns that had weighed on markets earlier in the month.
US Treasuries are also rallying, marking their fourth consecutive month of gains, as investors position themselves for potential monetary easing.
The renewed confidence has helped restore some stability across Asian trading floors, even after weeks of volatility.
In Europe, stock markets traded mostly higher, reflecting the more optimistic global mood.
Currencies, however, remained far more subdued, with limited movement as traders waited for clearer signals from central banks.
Overall, the mix of calmer valuations, stronger bond markets and a more upbeat outlook for US policy contributed to a steadier finish for Asian equities as the month draws to a close.