TOKYO, July 29 ― Tokyo stocks closed higher today as investors took heart from gains in US tech shares after the Fed decided against any major changes to its monetary policy.
“Rallies in US tech shares are providing a positive push for the Tokyo market but an expansion in virus cases in Japan could offset the positive mood, leading to lack of a clear direction in trade,” Mizuho Securities said. “Although shares rose today, market sentiment in Tokyo is not so strong,” said Yoshihiro Okumura of Chibagin Asset Management.
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US dollar, stocks dip as Fed keeps taper timing close to chest | Malay MailNEW YORK, July 29 ― US stocks and the dollar slipped yesterday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economic recovery is on track. The Fed said after its latest policy meeting ended...
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