Shares turn cautious ahead of Warsh speech; FX, bonds hold breath

Asian stock markets turned cautious on Friday following a tech rally, while currency and bond markets paused ahead of a key speech on U.S. interest rates.

Justin Tomlinson

Editor-in-Chief, Mora Discover

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Shares turn cautious ahead of Warsh speech; FX, bonds hold breath

Shares across Asia turned cautious on Friday, bringing a pause to momentum following an earlier technology sector rally fuelled by Nvidia. Currency and bond markets also took a wait-and-see stance, holding their breath ahead of an anticipated speech addressing the direction of U.S. interest rates by the world's most powerful central banker.[1][2]

In energy markets, oil prices were headed for weekly losses as developments progressed between Iran and Oman, who had reached an agreement regarding administration. Overall trading activity reflected broad caution as participants across foreign exchange, bond, and equity markets awaited the forthcoming Warsh address.[1][2]

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