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Asia shares rise on rate cut bets; RBA seen turning hawkish
short by Kalpesh / on Tuesday, 7 May, 2024
Asian shares made 15-month highs on Tuesday on renewed confidence of U.S. interest rate cuts, while traders waited on a policy meeting in Australia later in the day and had a close eye on a falling yen.Japan's Nikkei gained 1.3% and S&P 500 futures were steady after the cash index logged a 1% rise overnight. [.N]
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