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Asian shares are higher, although optimism about the Federal Reserve holding back on aggressive interest rate hikes was countered by some uncertainty about coronavirus restrictions in China. Trading was also
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 be avoiding local […]
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
Asian shares are higher, although optimism about the Federal Reserve holding back on aggressive interest rate hikes was countered by some uncertainty about coronavirus restrictions in China
Wall Street has been closely watching the latest economic and inflation data for any signs that might allow the Fed to ease up on future rate increases.