Asian stocks rally after Fed cut, BOJ sends clearer easing signal

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Asian shares jumped on Thursday to a three-month high and the dollar fell broadl...

TOKYO - Asian shares jumped on Thursday to a three-month high and the dollar fell broadly after the Federal Reserve cut interest rates as expected and U.S. Treasury yields declined.

U.S. Treasury yields slipped after the rate cut, but Fed Chairman Jerome Powell signalled additional trims are unlikely because there are several areas of strength in the U.S. economy. U.S. stock futures edged 0.01% lower on Thursday after the S&P 500 rose 0.33% to close at a record high on Wednesday for the second time in three trading sessions.

The dollar index against a basket of six major currencies fell 0.31% to 97.346, extending declines from Wednesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It looks like good for short term, but it's not good for long term.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks edge higher after Fed rate cut, focus shifts to BOJAsian shares rose on Thursday and U.S. stock futures edged higher after the U.S....
Source: Reuters - 🏆 2. / 97 Read more »

Stocks falter ahead of Fed on trade deal worriesA rally in global shares stalled on Wednesday, with Asian shares slipping from t...
Source: Reuters - 🏆 2. / 97 Read more »