SINGAPORE, Dec 27 (Reuters) – Asian stocks rose broadly on Wednesday, tracking a rally from Wall Street as investors latched on to the year-end optimism driven by expectations that the Federal Reserve could begin cutting rates as early as next March.
As traders wind down with few critical economic data releases scheduled between now and the end of the month, the market mood continues to be dominated by the prospect that major central banks globally could begin easing rates in 2024, with the Fed taking the lead.
Those bets have spurred a bout of risk taking and driven a rally in global equities, with MSCI’s broadest index of Asia-Pacific shares outside Japan last up 0.6%.
The index was on track for a 2.3% gain this month and…
