Post #150799

Asian stocks pause rally, eyeing China stimulus, Powell testimony Asian shares fell on Monday, consolidating gains after their best weekly run in five months, while investors looked ahead to China's rate decision and U.S. Federal Reserve Chair Jerome Powell's testimonies for clues on the path ahead. Europe is set to extend the decline when markets there open, with pan-regional Euro Stoxx 50 futures down 0.7%. U.S. markets are closed for the Juneteenth holiday, with Wall Street futures , mostly flat in Asia. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slumped 0.8% on Monday, after hitting a four-month high the previous session and finishing up 3% for the week, the best since January. read more