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Russia-West Prisoner Swap; Asia Stocks Slump | Horizons Middle East & Africa 08/02/2024
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August 2, 2024
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23:06Now PlayingUS yields slide on expectations of a Fed pivot, with swaps traders now pricing in three cuts this year. Meanwhile, Japanese stocks tumble for a second day on growing rate hike bets; and disappointing US tech earnings drag broader Asian stocks lower. Also on the show: President Biden and VP Harris greet the Americans who have just landed after Russia and the US complete the largest swap since the Cold War, involving 24 people. Plus we speak to Moritz Kraemer, LBBW Chief Economist ahead of the key US jobs report.
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