Asia stocks slip as Fed warns of ‘uncertain’ outlook | Malay Mail

📆 9/17/2020 10:02 PM
📰 malaymail

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HONG KONG, Sept 17 — sian markets mostly dropped today following a broadly negative lead from Wall Street after the head of the Federal Reserve warned of an “uncertain” outlook for the US economy and stressed the need for fresh stimulus. While the central bank indicated interest rates were...

A panel displays the closing Hang Seng Index inside the Hong Kong Exchanges, on the day the stock exchange operator announces their annual results in Hong Kong March 2, 2016. — Reuters file pic

President Donald Trump also sowed confusion after claiming a coronavirus vaccine could be available as soon as next month, directly contradicting the head of the Centers for Disease Control and Prevention, who had given a time of mid-2021. Talks on a new rescue bill have been stuck in the mud for weeks, with both sides digging in their heels and swapping the blame, though Democratic House Speaker Nancy Pelosi and White House chief of staff Mark Meadows each made encouraging statements about the potential to break the impasse.

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Asian stocks cheer upbeat data but temper appetite ahead of Fed | Malay MailSHANGHAI, Sept 16 — Most Asian shares rose today, extending a rally driven by upbeat Chinese and US economic data, but the US dollar, US yields and gold held steady as investors awaited the Federal Reserve's view on the economy at its policy meeting. Following robust industrial output and retail...
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