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Asian shares rise on Fed rate hopes despite China worries - Jammu Kashmir Latest News | Tourism

Tokyo, Nov 24:Asian shares gained on Thursday, although optimism about the Federal Reserve holding back on aggressive interest rate raises was countered by some uncertainty about coronavirus restrictions in China. Trading was relatively muted in Asia ahead of US markets being closed for Thanksgiving. Benchmarks rose in early trading in Japan, Australia and South Korea, but fell in Shanghai. Oil prices fell. “A headwind for Asian markets is the COVID situation in China, where investors seem to ...
South Korea Jerome Powell Federal Reserve Anderson Alves Hang Seng Shanghai Composite

Stocks gain ground on Wall Street ahead of holiday

Stocks closed broadly higher on Wall Street Wednesday, after the minutes from the Federal Reserve’s most recent policy meeting showed central bank officials agreed that smaller rate hikes would likely be appropriate “soon.” The S&P 500 rose 0.6%, while the Dow Jones Industrial Average gained 0.3%. The Nasdaq composite closed
United States Jerome Powell Quincy Krosby Federal Reserve University Of Michigan Wall Street Wednesday

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