Asian stocks climbed and US futures ticked higher, after comments by Federal Reserve Chairman Jerome Powell cemented market bets for a rate cut this month. Treasuries rose with the yen and the dollar retreated.

Shares climbed across the region with South Korean and Hong Kong stocks outperforming. Earlier, the S&P 500 briefly topped 3,000 for the first time after Powell signalled a willingness to lower rates, citing a slowing global economy and trade issues.

Minutes from the Fed’s June meeting confirmed an inclination among officials to ease policy soon. But stocks came off their highs, with financial shares leading the pullback. The yield on 10-year Treasuries slipped to 2.04%. Oil extended gains after surging more than 4% in New York overnight.


HNI FUTURE CALL: SELL VEDL BELOW 163 TARGETS 162.00 / 160.70 / 159.20 STOPLOSS 164.20