NEW YORK — Asian shares pushed higher on Wednesday, again led by gains in China, after U.S. stocks climbed to more records in a quiet day of trading.
“But for now, Chinese stocks are gobbling up these stimulus efforts like they’re at an all-you-can-eat buffet,” he said.Australia’s S&P/ASX 200 added 0.1% to 8,149.00. The Federal Reserve’s drastic turn last week in how it sets interest rate has buoyed markets. It’s now lowering rates to ease pressure on the U.S. economy after keeping them high for years in hopes of extinguishing high inflation.
A report released Tuesday showed U.S. households are feeling more worried about the job market. Their overall confidence level sank in September, according to the Conference Board, instead of rising like economists expected. That’s a big deal because spending by U.S. consumers is the heart of the U.S. economy.
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Stock market today: Asian shares gain as China eases rates to aid property industryAsian shares have advanced, with Chinese markets logging the biggest gains after the central bank announced a slew of measures to support the economy.
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ソース: ksatnews - 🏆 442. / 53 続きを読む »