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Asian Stocks Fall After Fed, Yen Resumes Declines: Markets Wrap

Asian Stocks Fall After Fed, Yen Resumes Declines: Markets Wrap
swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.

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Asian Stocks to Fall, Yen Steadies After Surge: Markets Wrap

Asian Stocks to Fall, Yen Steadies After Surge: Markets Wrap
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Asian Stocks Gain After Fed, Yen Resumes Declines: Markets Wrap

(Bloomberg) — Most Asian equities rose after Federal Reserve chair Jerome Powell downplayed the prospect of further interest-rate hikes. The yen resumed losses after a sudden jump Wednesday that hinted at intervention. Benchmark equity indexes advanced in Australia, Japan and Hong Kong, while falling in South Korea. Futures contract for US shares also rallied, suggesting…

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Asian Stocks Climb After Fed, Yen Resumes Losses: Markets Wrap

(Bloomberg) — Stocks traded mixed and Treasury yields ticked lower after Federal Reserve Chair Jerome Powell downplayed the prospect of further interest-rate hikes. The yen resumed losses after a sudden jump hinted at intervention. Europe’s Stoxx 600 fell 0.3% as Novo Nordisk A/S dropped on disappointing results and Moller-Maersk A/S, a bellwether for global trade,…

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Fed holds interest rates, drops redemption cap in May decision

Industry commentators weigh in on the decision to hold

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