ASX 200 rallies as chances of an August rate hike drop, AI stocks tumble in Asia

After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• May 23, 2023ASX falls on stalled US debt ceiling talks, CBA lifts mortgage rates again, NZ's Reserve Bank raises rates for 12th time — as it happened - ABC News-3.2%
• May 4, 2022Stocks rally after Fed hikes rates, crude jumps-2.3%
• Jul 31, 2019Stocks sink after Fed dents hopes for multiple interest-rate cuts - Los Angeles Times-7.6%
• Jun 4, 2019Oil bounces off four-month low, turns positive as stocks rally+1.7%
• Jul 23, 2026Traders stick with ECB rate-hike bets as oil touches $100 once more - AOL-2.9%

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Aug 22, 2025US stocks jump as Powell hints at possible September rate cut — TradingView News+1.0%
• May 4, 2022Stocks rally after Fed hikes rates, crude jumps-2.7%
• Feb 21, 2019Rupiah falls 27 points apparently on fed rate hike - ANTARA News+0.0%
• Aug 31, 2023ForexLive European FX news wrap: Euro falls as ECB rate hike bets abate+6.4%
• Jul 31, 2019Stocks sink after Fed dents hopes for multiple interest-rate cuts - Los Angeles Times-7.6%