Asia stocks firm as US economic support pushes Nasdaq to record | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 86%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

NEW YORK, Dec 17 — Asian stocks were set for gains today as progress toward a long-awaited US stimulus package and a pledge by the Federal Reserve to keep interest rates low helped the Nasdaq benchmark to a fresh record high. Australia's S&P/ASX benchmark rose 0.64 in early trading. Japan's...

Australia's S&P/ASX benchmark rose 0.64 in early trading. — Reuters pic

The Fed said yesterday it would stick with its policy of low interest rates while legislators moved closer to agreeing on an additional US$900 billion of Covid-19 aid, including US$600 to US$700 stimulus checks and extended unemployment benefits. US Treasury yields increased slightly, however, with the benchmark 10-year yield up 0.4 basis point to 0.925 per cent yesterday afternoon.

The US dollar initially rose slightly on the Fed's announcement, but soon the dollar index was down 0.2 per cent on the day, around a two-year low.

 

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

 /  🏆 1. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines