Read more about Asian shares up, US dollar wallows as Fed soothes inflation fears on Business Standard. Asian shares rose on Wednesday while the U.S. dollar stood near its lowest levels this year after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance
Asian shares rose on Wednesday and the U.S. dollar languished near multi-month lows after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance, reassuring investors worried.
Asian shares rose on Wednesday and the U.S. dollar languished near multi-month lows after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance, reassuring investors worried about the prospect of rising inflation. European share markets were set to follow suit, with pan-region Euro Stoxx 50 futures up 0.37% in early deals. German DAX futures .
Asian shares gain, dollar soft as Fed calms inflation fears
By Andrew Galbraith
Reuters
SHANGHAI (Reuters) - Asian shares rose on Wednesday and the U.S. dollar languished near multi-month lows after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance, reassuring investors worried about the prospect of rising inflation.
European share markets were set to follow suit, with pan-region Euro Stoxx 50 futures up 0.37% in early deals. German DAX futures gained 0.41% and FTSE futures were fractionally in postive territory.
U.S. stock futures pointed to a higher open on Wednesday with S&P 500 e-minis up 0.32% at 4,198.75.
Richard Clarida, the Fed s vice chair, said on Tuesday that the U.S central bank would be able to curb an outbreak of inflation and engineer a soft landing without throwing the country s economic recovery off track.